Do Secondary Towns present Opportunities for Property Investors?
The recent Africa Property Investment Summit which took place at the Sandton Convention Centre, Sandton from 25-26th August 2015 highlighted benefits and opportunities of developing outside the secondary towns/ cities in Africa and whether they give rise to lucrative yields or increased risk?
In Africa, many of the key drivers such as oil, gas and agriculture are located away from major metropolitan areas. Hence there is a trend of urbanisation not only from these areas to capital cities, but also into smaller towns; providing developers and investors with further opportunities.
In recognition of the importance of these localities, i.e. Kenya is implementing political, administrative and fiscal decentralization of the central government, further boosting the regional towns and economy. This is a trend seen across the African continent.
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