Real Estate

As the waiting list for government-subsidised housing in Kuwait has grown to more than 100,000 in 2013, projects aimed at combating the shortage will see a number of new construction projects in the coming years. Sluggish residential real estate growth and restrictive legislation have created difficulties for the sector, but new public-private partnerships (PPPs) and improved credit access could help alleviate Kuwait’s housing problems.

A surge of interest in new property developments in Dubai has almost inevitably prompted concerns with respect to the sustainability of the sector’s recovery, recalling the bubble in 2008. However, most old hands in the industry believe investors, regulators and developers have all learned some important lessons from the crash in the sector five years ago, and that the heightened activity signals a the continuance of a rebound that began around a year ago.

As Africa’s most populous country, its second-biggest economy and a major hydrocarbons producer, Nigeria has often drawn sizable capital inflows but only in recent years have real estate investors taken a studious look at the sector. Supply shortages in some segments, including high-end office space, have pushed prices and rents to highs in some cases above those of developed countries. With more developments coming onto the market in all segments, bottlenecks may ease, but demand looks set to continue its upward trajectory, underpinned by sound economic fundamentals.

Après les importants retards enregistrés au cours des dernières années, on assiste enfin à des progrès en matière d’immobilier urbain et dans les projets d’infrastructure liés au logement, ce qui devrait aider le Gabon à combler son déficit en logements. Selon les estimations, le pays accuserait un déficit de 200 000 logements, un problème qui concerne en majorité la capitale Libreville, où 160 000 logements supplémentaires sont nécessaires.

As with other economies around the world affected by the global crisis, growth slowed in Indonesia in 2012. However, the property market is bucking the national trend, with large real estate developers planning a wave of new construction and mid-sized companies launching office and apartment projects.

Le secteur de l'immobilier, qui a longtemps été une source importante de capitaux étrangers, a engagé une transition structurelle ces quelques dernières années. Avant la crise économique mondiale de 2008, la plupart des projets phares du secteur étaient axés sur la construction d'infrastructures touristiques haut de gamme et de luxe, de logements résidentiels et d'aménagements à usage mixte.