Construction

The construction industry is set to become a major growth driver of Myanmar’s economy, as investors flock to capitalise on economic liberalisation and a major public infrastructure programme. The sector has expanded rapidly since 2012, although growth moderated in 2016 as a result of election uncertainty and regulatory reforms. Residential...

Since Parliament approved a long-awaited Condominium Law in January 2016, real estate stakeholders have been hoping to see sales surge, with foreigners now permitted to own property for the first time. Implementing the law is proving problematic, however: unclear regulations regarding criteria for condominiums have left investors uncertain,...

Despite the impact of lower oil prices on government budgets, Algeria’s construction sector is growing and developing thanks to ring-fenced investments in public and industrial infrastructure as well as housing.

A number of foreign and local private property developers are competing in Algeria’s real estate market seeking to tap into strong demand for property in the residential market, as well as retail, hospitality and tourism segments. Demand for affordable housing – largely due to a significant increase in urbanisation as well as a steady growth...

Over the past 20 years, Ghana has outperformed its neighbours in reducing poverty and ensuring political stability, which resulted in an influx of foreign direct investment. The real estate sector in particular saw rapid growth after the discovery of oil in 2007, as dozens of multinational companies and surveyors flooded the country, driving...

Ghana’s growing oil and gas sector, investments in infrastructure, rapid urbanisation and a growing housing deficit continue to place demand on the country’s construction sector. However, the rising prices of both electricity and building materials pose long- and short-term challenges. Despite setbacks, the construction sector has continued to...