RICS highlights opportunities in key property markets in
Sub-Saharan Africa
Africa’s positive growth story will lead to
increased demand in a range of sectors,
most notably the real estate market. The
continent’s growth has been spurred
by commodity prices such as gas and
oil, as well as a growing middle class.
These developments will bring increased
opportunities in the business, residential
and retail property sectors as well as
opportunities for African professionals.
These are some of the findings of a
research report produced by RICS (Royal
Institution of Chartered Surveyors),
an international professional body
focused on the areas of land, real estate,
construction and infrastructure. The
research report, titled “Unleashing SubSaharan African Property Markets” was
commissioned by RICS to understand
the potential role that it, and chartered
surveyors who comply with international
standards, could play in key real estate
markets in Sub-Saharan Africa (SSA).
The report concentrates on 5 key case
study countries in the region, namely,
South Africa, Kenya, Ghana, Nigeria
and Tanzania. It aims to share insights
gained in these markets and highlights
various opportunities and challenges,
including how the profession is managed
and supported, regulatory enablers
and constraints and skills development
for new or aspiring professionals.
The research report also captures the
sentiments of working professionals,
member organisations and other
stakeholders in the built environment
sector and presents a snapshot of the
potential the real estate markets in SubSaharan Africa has to offer. AD
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