Market Trends

A GUIDE TO ACQUIRING LAND/PROPERTY IN GHANA

Land/real estate is a significant asset class of a portfolio investment for individuals and businesses alike in every jurisdiction. With Africa identified as the “last” frontier for global growth, acquiring and or investing in land/real estate in a country such as Ghana, one of the fastest growing economies and a development leader on the continent, in the view of many experts, is considered to be...

Planning is more important than prediction for Africa’s property sector now

By Gerhard Zeelie  An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow...

Covid-19 is threatening hotel development growth in Africa

As an important industry in Africa, tourism has created both direct and indirect jobs - sustaining foreign currency earnings. According to the 12th annual survey by W Hospitality Group, African hotel development had returned to growth at the start of 2020, with more than 78,000 rooms in 408 hotels in the pipeline; however, with the rise of the Covid-19 outbreak, Africa's hotel industry has been hard...

Webinar: Covid-19 will not define the property market’s future

Broll hosted its inaugural webinar late last month themed Africa 2020: A new vision. The discussion focused on strategies and solutions that can be employed during the recovery phase of the Covid-19 crisis, and the emerging new business environment in Africa. A common thread in the conversation was that Covid-19 will not define the property market’s future, but rather will shape the direction and...

Planning is more important than prediction for Africa’s property sector now

An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it's probably a better investment of valuable time and effort to ponder the many lessons - some very hard to swallow - that the pandemic has...

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....

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...

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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