Building the next big thing in Africa
- May 20, 2016
Africa’s real estate market is now passing through an exciting, but testing time in its history and the opportunities it holds may or may not persist for a longer duration. Investing in real estate is typically a long term process, requires patience whereas the rewards and revenues take time to flourish. Right time is the only component for real estate investing which is a bit hard estimation. But, in Africa the best time has started. Therefore nothing is more expensive than a missed opportunity.
Franklin D. Roosevelt had beautifully detailed the importance of real estate for the aspiring investors. “Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” But investing in real estate is not a simple game. Right approach at right time is very important and one should be good at time management. Real estate investment is in a way a business game; we have to employ strategies and take the right decisions at the right time when the market booms or takes a nose dive.
However, increased numbers of international investors are exploring opportunities in African real estate markets, fascinated by continent’s astonishing economic and demographic growth predictions. It would be easy to take too lightly the influence of global megatrends on Africa. After all, Africa’s real estate markets have conventionally lagged behind developed and many developing economies. Levels of investment in real estate in Africa are low by a global standard, while momentous challenges exist in exploiting potential opportunities.
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