• Buy & Rent Property in Swaziland

African urban growth is expected to be massive

African urban growth is expected to be massive

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important.

According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development of cities, which has already started. Currently, 400 millions African people are living in urban zones, which is 40% of the population; it was 3% 50 years ago, and it will be 1,2 billion in 2050 (60%). Finding a home for their family is a necessity for parents, and an obligation for the African gouvernent.

The African diaspora represents more than 30 million people worldwide. They send 40 billion dollars each year to their native country. This money is mostly used for emergency help for families, but also for investment: real estate is the first investment item of the diaspora that takes to heart owning an accommodation in their home country.

img

admin

Related posts

A quick overview of the economy in Swaziland

Swaziland experimented a growth rate of 0,3% in 2017 and is going to face serious challenges in the...

Continue reading
by admin

Swaziland: a woe-tale in Swazi’s budget

The national budget’s revelation of the Swaziland economy being unable to cover for its spending...

Continue reading
by admin

Swaziland’s low institutional and economic strengths reflected in the B2 negative credit rating by Moody

Moody Investor Solutions ranked Swaziland with a B2 negative credit profile in its latest annual...

Continue reading
by admin