Egypt’s construction pipeline is stocked with a wide variety of projects, from highway expansion to hospitals and schools. However, a primary source of future contracts is likely to be the housing segment, as the government has committed to alleviating the country’s chronic and long-standing housing deficit. Furthermore, despite recent...
Supported by housing demand and infrastructure plans, Morocco’s construction companies have been able to maintain steady performances despite the negative effects of a host of local and international factors. The economic downturn in Europe and regional instability have dampened investment flows to the sector in recent years, while lower...
Although the impact of the 2008 global financial crisis can still be felt in Morocco’s real estate sector, signs of recovery are being seen in certain segments. While high-end housing and luxury developments took a hit, prices for quality developments have remained steady, as foreigners, domestic consumers and Moroccans living abroad continue...
Following a period of rapid economic growth, Ghana’s slowdown over the past couple of years has had a noticeable impact on the construction sector in particular. However, its prospects appear to be modestly brightening, with sizeable capital allocations in the government’s budget and growth of 3.7% targeted for the construction industry in...
A 2014 World Bank report on Ghana’s demand and supply of labour estimated that over 1m jobs could become available in the country’s developing construction sector between 2015-20, particularly given the expected growth in the residential real estate market and the severe shortage in affordable housing. This employment is estimated to generate...
Since 2007 Ghana’s real estate market has continued to follow a cyclical trajectory, booming when headline growth is strong, but slowing in recent years in line with the commodity price drop in 2014. The sector is also affected by other pro-cyclical factors: as reported in the Bank of Ghana’s March 2017 “Monetary Policy Report”, the Ghanaian...
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