Africa real estate

Where to Invest in Africa? The following countries are the best places to invest in real estate in Africa: South Africa Ghana Mauritius Kenya Côte D’ivoire Angola Rwanda Nigeria Egypt Botswana    Out of 54 African nations, most countries’ real estate sector is experiencing tremendous growth right now,  from residential to commercial  real estate. If you ask me what make a country the best place for real estate investing in Africa? Without a blink, not the least of which include: political stability, economic resilience, population growth, and perhaps infrastructural development. These countries that I will be discussing in a bit have emerged as ideal destination for real estate investment in Africa due to the inflow  of foreign investors and the growing demand across different asset classes. Of course each country have its  own set of merits and demerits, making it imperative to thoroughly evaluate options before settling on the optimal choice. Are you international estate investor looking for opportunities in real estate sectors in Africa? You have come to the right place. The western real estate markets is either saturated or overpriced that you could hardly make the numbers work. In African countries, real estate offer you the opportunity to tap in for high return on investment if you have done your market research well and with the right investment strategy. Without much I do, I invite you to explore my intake on these countries and welcome the opportunity to discuss my findings with you in more detail in this post. Let’s dive in!   Cape Town, South Africa   Cape Town consistently maintains its reputation as one of Africa’s premier real estate investment destination. Its stunning beaches and favorable climate make it especially appealing to retirees and foreign property buyers. In 2021, there were 268,000 residential transfers valued at US$ 18.2billion. Also, there were 6.9million home sales in South Africa in 2021 worth US$ 416billion. Additionally, Cape Town is expected to be an outperformer in the property market due to the overall perception of the province as having a well-functioning local government and an attractive lifestyle. The province remains a magnet for skilled and affluent immigrants, often with high purchasing power and disposable incomes. In Cape Town the residential rentals yield returns  average 9.5%, retail is 8.3%, industrial is 8% and 8.75% for office space . Whereas in Johannesburg, rental yield returns for residential is 9.5%, retail is 8.5%, industrial 8.25% and 9.5% for office space annually. The city’s allure as a prime tourist destination further enhances its real estate market potential. Rental rates for apartments in Cape Town range from about USD 15 to USD 17 per square meter, translating to approximately USD 1,700 for a 120-square-meter apartment and USD 4,650 for a 300-square-meter apartment. Please keep in mind this price quotes could vary on the location and property type.  The current home price growth is at 6.25%, and projections indicate an impending surge to a range of 7.25% to 7.75% by the first quarter of 2023.   Accra, Ghana   Have not heard of Ghana? No worries, let me give a snapshot of it. With a total land area of 238,537sq.km Ghana was the first sub-Saharan nation to gain independence from colonial rule in 1957. Ghana is credited as being one of the most stable democracies in Africa, having successfully conducted 8 national elections and recorded no incidence of a coup d’état since 1992. Ghana, is currently experiencing real estate boom. Real estate is one of the fast growing sectors in the country according Ghana Investment Promotion Centre (GIPC). Why should you invest in Ghana? Known for its investment friendly, political stability and peaceful, favourable climate, rapid population, increase in urbanization and  housing deficit, emerges as the second-strongest African contender for real estate investment. Read also: 8 REASONS WHY WESTERNERS SHOULD CONSIDER RETIRING IN GHANA   Additionally, household spending is expected to increase from US$55bn in 2021 to USD81billion in 2025 according to Fitch report. Over the past five years, the Ghana has demonstrated a capital growth projection of 32.7%. Accra, the capital, presents high rental yields across all asset classes.   There are about 144,105m2 Grade A office supply with average rent  around US$25 – US$28 /m2/month. The residential market is currently facing 2million housing deficit. About 400,000 units is required annually to reduce the  housing deficit. According to State Housing Company, less than 50%  is currently delivered annually which is far below the expected units. The average rent in Accra hovering from US$2,200 – US$3,000 /m2/month.  And average  yield for residential ranges from 10% to 13.5% annually. Read also: International Real Estate Investing in Ghana: Emerging Trends   Looking at the figures above, Accra’s rental market is remarkably robust, with 37.5% of households engaging in renting, a significant contribution to the city’s GDP compared to the national average of 22%. The city’s growing population augments the demand for housing and commercial spaces, simultaneously posing challenges and of course opportunities for real estate investors which is why you are reading this post, isn’t it? The retail market  is about 138,000m2 + supply. About 60,000m2 + is under development. Rents for retail space ranges from US$20 – US$40 /m2/month and average yield ranges from 8%-12%, Ghanaian growing taste is increasing. Accra mall for instance attracts approximately 7 million customers per year.   Now Selling Fast! Become A Home In Greenery & Solar Luxurious Gated Community Kwabenya, Accra Before It Is Sold Out! La Margo Villas Imagine Seeing Your Kids Running Around On Play ground With Their Friends In The Safety Of This Greenery And Lush Landscape Beautiful, Gated Community. How Comfortable And Refreshing Will That Be? Exactly! Are you a foreigner considering investing in Ghana real estate market? Or are you African diaspora planning to buy your dream home in Accra, Ghana? We would love to connect and serve you. Buying  your dream home in a new development  project by a real estate developer gives you the flexibility with regards to payment plans to choose from. You don’t