Where Will AI Take the Real Estate Market in 10 Years?

Artificial intelligence is here and shows no signs of slowing down. According to PwC, business leaders said they believe AI is going to be fundamental in the future. Most people referred to AI as a “business advantage.” The same survey reports that 63% of people agree AI will help solve complex problems that plague modern societies, and 59% agree that AI will help people live more fulfilling lives....

Billions Poised for Africa’s Real Estate Sector

As Central and Eastern Europe become increasingly popular for South Africa’s property sector due to subdued growth potential and earnings locally, should these funds not be investing closer to home? This is the view of Kfir Rusin, the host of the most significant annual gathering of capital investors in African real estate, the 10th annual Africa Property Investment (API) Summit...

IWG readies for large-scale rollout of its franchise offering in Africa.

Flexible workspace provider, IWG plc has announced plans for a large-scale rollout of its franchise offering for flexible workspaces in a further 14 countries in Africa. At the helm is Mo Nanabhay, who led the franchise start-up and successful launch of both the Pick n Pay and Sasol franchise concept in South Africa and Sub Saharan Africa. This, in an industry where the demand for flexible workspace is...

Why A British Hotelier And Ghanaian Entrepreneur Are Building Petronia City

Nana Kwame Bediako   British multi-millionaire property developer Azad Cola who owns the famous Westbury Hotel and Ghanaian serial entrepreneur Nana Bediako recently established Capital Nine Zero (CNZ), an investment company that is developing Petronia City - a 2000-acre city development project that aims to provide the first fully integrated business hub for West Africa’s Oil, Gas and...

International buyers are dropping out of US housing market

After strong interest for several years, international buyers appear to be souring on the U.S. housing market. The dollar volume of U.S. home sales to international buyers between April 2017 and March 2018 dropped 21 percent compared with the year-ago period, according to the National Association of Realtors. Of the $121 billion in sales to international buyers, those currently living in the U.S...

Global Real Estate Capital Beginning to Discover Sub-Saharan Africa

According to JLL's newly released "Emerging Beyond the Frontier" research report, unprecedented liquidity in global capital markets is fueling investors to seek out new markets and it is beginning to find its home in real estate markets in Sub-Saharan Africa (SSA). JLL's report reveal that sustained economic and demographic growth in SSA countries are combining to create urban markets of global scale...

Median Home Prices in U.S. Now Least Affordable Since 2008

Median Home Prices Rose Faster Than Wages in 87 Percent of Local Markets Based on ATTOM Data Solutions' latest Q2 2017 U.S. Home Affordability Index, the U.S. median home price of $253,000 in the second quarter of 2017 was at the least affordable level since Q3 2008, a nearly nine-year low in affordability. The national home affordability index was 100 in the second quarter of 2017, the lowest national...

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