NABA Member Insight for August is provided by DLA Piper who recently in cooperation with CBRE launched their annual report on real estate investment in Africa. The report paints a picture of an attractive, if diverse, landscape for international investors.
DLA Piper expect that the African real estate market in terms of development, rents and investment appetite, will begin to experience its next wave of anticipated growth over the next 3 – 5 years. The view is a product of a recent roundtable breakfast hosted by CBRE (leading global real estate adviser) and DLA Piper (multinational law firm).
On the detrimental effect that lower oil and commodity prices have had on demand and property prices in many African countries, the summary rightly indicates that the volatile market place is encouraging a more long-term approach than the previous focus on rapid repatriation of dividends.