Real estate most preferred asset for investment – Report

– The Africa report 2020/21 by Knight Frank, a real estate consultancy firm, said the sector recorded the highest yields compared to other sectors with an average of 12%

– The online retail sector is expected to result in increased demand for sophisticated and centralised warehousing facilities across the continent

– The report indicated there were approximately 500 co-working operations observed across African markets, 80% of which have come up over the past two years

– Affordable housing, however, continues to be a big challenge with the existing backlog estimated at 56 million units in Africa

Real estate is the most preferred asset for investment across Africa, a new report has revealed.

The Africa report 2020/21 by Knight Frank , a real estate consultancy firm, said the sector recorded the highest yields compared to other sectors with an average of 12%.

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Real estate is most preferred asset for investment according to the Africa report 2020/21 by Knight Frank. Photo: Centum Real Estate.
Source: Facebook

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According to the report which was released on Wednesday, March 25, the online retail sector is expected to result in increased demand for sophisticated and centralised warehousing facilities across the continent. “Real estate remains the most preferred asset for investment across the continent for investors in their hunt for yield," "Moving forward we anticipate a period of market correction and stabilisation in a majority of the markets in the short term but remarkable growth in the long term as Africa continues to grow," James Lewis, MD Middle East and Africa at Knight Frank said. The report indicated there were approximately 500 co-working operations observed across African markets, 80% of which have come up over the past two years.
Nairobi remains the most preferred regional headquarters for multinationals. Photo: BD. Source: UGC READ ALSO: Matatu zapigwa marufuku nchini Uganda kwa siku 14 “The growth in the number of international developers and funds has led to increased segmentation among investors, with a dedicated focus on specific asset classes including hospitality and affordable housing sectors, as well as student housing," Ben Woodhams, MD Knight Frank Kenya said. In this, investments in satellite cities across the continent estimated at KSh 10 trillion has resulted in the emergence of new prime real estate nodes. Nairobi remains a […]

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