Nigeria’s real estate sector experienced a challenging 2020 in line with broader economic trends, characterised by a drop in demand, movement restrictions and global supply chain disruptions associated with the Covid-19 pandemic. The health crisis resulted in various negative effects across almost all real estate segments: commercial...
Since the country embarked on an ambitious IMFbacked economic reform programme in November 2016 the government has placed a strong emphasis on infrastructure and construction as a key engine of urban growth and financial stability. In the FY 2019/20 budget LE140bn ($8.6bn) was earmarked to obtain new resources, develop infrastructure, and...
The outbreak of Covid-19 in early 2020 brought disruption to all sectors of the economy, and the real estate market was no exception. While the full impact of the pandemic remains to be seen, the real estate sector is likely to experience difficulties in the shorter term as state funds are redirected to tackling the crisis. However, the...
Egypt’s economic reforms, such as the flotation of the pound in late 2016, the reduction of fuel subsidies and the wave of inflation that followed, have broadly affected household purchasing power in recent years. In turn, this has caused a fall in demand for real estate and impacted the sector’s overall performance. This has been compounded...
In recent years infrastructure and real estate development have been important growth drivers for the construction industry, and the government has highlighted the need for private investment to take on a larger role in the sector. Indeed, much of the growth in construction activity has been accelerated by the private sector, as a result of...
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the world. According to the UN, in 1950, 751m people lived in urban areas; however, by 2018 this number had risen to 4.2bn, equivalent to roughly 55% of the world’s population. By 2050 the UN estimates that this figure will rise to 68%. This...
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