According to the IMF’s 2015 Article IV consultation with Gabon, the early years of the Emerging Gabon Strategic Plan (Plan Stratégique Gabon Emergent, PSGE) proved to be a significant boon for the construction sector. The IMF reported that “high oil revenues funded a scaling up of public investment that helped propel overall growth to nearly 6...
As with many African property markets, Gabon has seen its different subsectors evolve in very different ways. Gabon has an estimated housing deficit of 200,000, concentrated on middle- and low-income earners, but there is a growing oversupply in the high-end segment. Despite empty units, high-end property remains expensive, especially in the...
The firm building the world’s tallest skyscraper, the Jeddah Tower, overlooking the Red Sea port of Jeddah has developed a funding vehicle for the construction that is a first for Saudi Arabia. The tower will be higher than Dubai’s Burj Khalifa and will form the iconic centrepiece of Jeddah Economic City. Thanks to new regulations from Saudi...
In November 2014 a new mortgage law was introduced for loans covering residential real estate transactions in the Kingdom. This imposed a 70% loan-to-value (LTV) rule on residential mortgages.
Benefitting from rising incomes and a youthful growing population, Saudi Arabia’s real estate sector has seen steady expansion in the past decade. Although this increase has been more modest than in its GCC neighbours, it is clear that strong demand for residential real estate will continue over the long term thanks to the country’s...
While Morocco’s real estate sector has fallen after a boom that peaked in 2007 and 2008, recent years have shown signs of a modest recovery. Although the luxury real estate segment has remained depressed as a result of the global economic downturn in 2008-09, government-sponsored financial incentives aimed at attracting developers and builders...
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