Patient property game in the North
North Africa is starting to become more attractive to African fund and company investors. Various groups are investing in Egypt, Morocco, Algeria and Tunisia - the region's best performing countries in terms of real estate.
According to Africa Property News.com, Egypt is the third biggest economy in Africa. A large portion of its real estate is state-owned but there are opportunities in the country for new developments.
The Egyptian real estate market was hard hit by civil unrest a few years ago but the country’s new government has brought stability to its real estate market.
Morocco is popular as an investment destination because it is in close proximity to Europe. This means companies like to use it as a launch-pad into Africa. Many Spanish and French companies are opening their African offices in Morocco.
Tunisia, the smallest nation in North Africa’s commercial property sector is dominated by...
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