Strong demand and a substantial development pipeline are supporting activity in Sharjah’s property market, with year-on-year (y-o-y) sales up by almost half in the first six months of 2017, according to data issued by the Real Estate Registration Department.
While South Africa’s economy has emerged from recession and is showing signs of sustained growth, that has yet to feed into the property market, meaning residential sales and new construction will likely remain subdued for the rest of this year.
An increase in new developments and land sales has helped Dubai’s property market post a strong rise in transactions and turnover in the first half of 2017, suggesting last year’s slide may have bottomed out as developments accelerate ahead of Expo 2020.
While real estate transaction figures continue to reflect a more cautious macroeconomic environment, potential reforms could pave the way for Oman’s property market to regain some of its dynamism going forward.
A lift in activity is expected for Papua New Guinea’s residential property market heading into next year, boosting both rentals and sales after a recent cooling from a slowing economy and rising costs.
Rising demand for industrial space in Kenya is shoring up the non-residential component of the country’s real estate sector, at a time when the office and retail segments appear to be moderating after recent increases in supply.
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