In many ways, Gabon would seem like a natural fit for a high-turnover residential market, particularly in the middle- and upper-income segments, given that the country has one of the highest levels of GDP per capita based on purchasing power parity in sub-Saharan Africa. However, Gabon also grapples with a traditionally low saving rate, issues...
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...
The residential real estate sector has performed well in recent years, driven by a large undersupply of homes for Kuwaiti citizens, with the state’s growing population driving up demand and prices. The Public Authority for Housing and Welfare (PAHW) has rolled out ambitious plans for over 170,000 new affordable housing units, but with delays...
Although growth in real estate slowed during the global financial crisis, the sector has rallied to become one of the best-performing non-oil industries in Kuwait. Following early recovery in 2011 and 2012, real estate growth increased considerably in 2013, driven by investment and the commercial sector’s performance, with expanding housing...
The Highlands region of Papua New Guinea is not merely the nation’s geographical heart; it is also a crucial contributor to the economy, yielding agricultural products, minerals and energy exports. Home to roughly 40% of the country’s 7m people, this region, PNG’s most densely populated, is comprised of the provinces of Simbu, Eastern...
After a wildly successful five-year run on the back of heavy investment that came with the global economic recovery, the real estate sector in Papua New Guinea is moving out of the fast lane. Growth in property values is slowing and demand is starting to cool. The unprecedented demand spike linked to ExxonMobil’s $19bn PNG liquid natural gas (...
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