inaugural African Property Investment summit says real estate is stable

tony nguyen

The inaugural African Property Investment summit took place recently with those present expressing a strong belief that the real estate opportunities in the continent are growing in strength all the time.

Some of the most important individuals involved with property in Africa met to discuss overcoming challenges and initiatives for attracting future investments.

The event was hosted by Liberty Properties and their Chief Executive, Samuel Ogbu, was particularly optimistic about the future when questioned.

“We are a firm advocate of the opportunities presented on the continent (Africa) and believe that all indicators point to the potential for real transformational growth.

“There is improved governance and political stability, increase securitisation and maturing capital markets, all of which are driven by a population of over one million consumers demanding attention,” stated Mr. Ogbu.

Some of the issues which were discussed at the summit included the strength of the hotel industry within the continent, pension funds and proposed solutions to common issues such as poor infrastructure.

Brett Abrahamse, Business Development Manager at Liberty Properties, outlined the case for Africa as a viable region for sustained property investment in the future.

“In the past decade we have seen a tenfold increase in the market capitalisation of listed property in South Africa. This is still likely to grow in the next three to four years. There’s a growing appetite for retail and mixed used developments on the continent, an example is the Levy Shopping Centre in Zambia.”

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