West African property stakeholders converged on Lagos to strategise and explore ways to remove bottlenecks from the commercial real estate sector in West Africa. The event was the 2023 West African Investment Property Summit. According to Head, Real Estate Finance of Stanbic IBTC, Akinmihan Tola, the real estate sector has been a resilient industry that has been impacted by a macroeconomic...
Around the world
Africa often flies under the radar for investors, but it's a promising frontier for those looking to make impressive returns on their investments. In today's investment landscape, it stands out as a unique opportunity. The continent's economic landscape is diverse, with nearly fifty countries, but many have undergone economic reforms that make them attractive for business. Despite challenges such as...
Global sovereign investments in Africa, such as the UK's $2 billion commitment to sustainable projects and the US's $200 billion through the Partnership for Global Infrastructure and Investment (PGII) initiative, are set to have a significant impact on the continent's real estate sector, according to global real estate consultancy Knight Frank. Knight Frank Africa report observed that over the past...
Real estate experts have cautioned investors to take 'careful consideration' of cultural, regulatory and tax matters in the region before sinking billions in the sector. This, they said, will help investors to proactively structure their investment. The remarks were made during a meeting between TARRA Agility Africa, a boutique international tax, legal and accounting advisory firm, and the Kenya...
If you have been watching the real estate market lately, you will have noticed that, on an international scale, we are experiencing a strong seller’s market. Sellers need agents now more than ever! Let’s look at what your clients can expect and how you can help them if they are entering this hot seller’s market. A seller’s market happens when there’s a shortage in housing or there are...
