Zim economic slump slows property sector
A RECENT study on the property market in Africa by leading real estate firm, Knight Frank, highlights the growing demand for property in Africa as well as the disparities in rentals across the region.
Ritesh Anand Column
According to the study, growth in demand for property is being driven by strong economic growth across a number of African countries. This growth has not gone unnoticed and has attracted the attention of an increasing number of property investors and corporate occupiers.
Since 2000, Africa has averaged growth of over 5% per annum, with the sub-Saharan African region averaging growth of close to 6%. The larger emerging economies of this region, such as Nigeria, Kenya, Angola and Ethiopia, have increasingly been the key drivers of the continent’s growth.