For two years after the spate of frenzied construction in the run-up to the Africa Cup of Nations (Coupe d’Afrique des Nations, CAN), Gabon’s contractors and developers saw a comparative slowdown in activity, as focus shifted away from stadiums and tourism infrastructure to housing, roads and mixed-use developments. The construction sector – supported by the...
Although the construction industry is generally one of Morocco’s most dynamic sectors, it witnessed a significant slowdown in 2013 due to a confluence of factors. These ranged from regional political instability, leaving foreign investors reticent about entering the Moroccan real estate sector, to a reduction in the number of new construction...
The luxury real estate market in Morocco has traditionally been driven by foreign buyers, especially from Europe, searching for a secondary residence. The economic downturn after 2008 altered the market when demand from these buyers declined sharply. Initially, local wealthy Moroccans were also reticent to buy into the luxury market, but this...
For many years the construction sector has tended to operate according to a frequently ambiguous and inadequate legal framework. It is governed by a patchwork of incongruous legal texts which are enforced by various levels of government, from local to national. As a result of this, building has become difficult to monitor and the...
Activity in the real estate sector has fallen, but stabilised, following an earlier boom between 2007 and 2008. The sector has been buoyed by a government-sponsored financial incentive package aimed at attracting real estate developers and builders to the mid-range market segment, where there is a housing deficit. The luxury segment has...
Besides focusing on major construction projects aimed at modernising transport links and social infrastructure, a considerable part of Algeria’s recent spending drive has also been directed at enlarging the pool of affordable homes for the growing population.
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