Economic expansion, a growing population and increasing interest from foreign investors are driving a strong recovery in Oman’s real estate market. After a dip caused by the global financial crisis, an initially slow revival is gaining momentum. Segments including integrated tourism complexes (ITCs) and higher-end residential and office space...
Oman’s economic revival, and the prospect of a wide range of investments over the coming years, is driving demand in the office property sector. During the economic slowdown from 2009-11, some companies downsized, and much space remains unoccupied. But rents are picking up again for the better properties.
Rapid population growth, steadily increasing urbanisation and rising incomes – particularly among the middle class – have fuelled steady expansion in Nigeria’s real estate sector over the past decade, and are expected to continue to drive growth in the industry for the foreseeable future. While most segments have seen rising levels of investment in...
Driven by rising incomes and steadily increasing consumer sophistication, Nigeria’s retail real estate market is poised for considerable expansion over the course of the coming decade. While the country’s formal retail sector is still in its infancy, the potential for future growth is clear, given the large size of its 170m-strong consumer market...
Despite softening demand in a handful of segments due to exogenous factors, activity in Nigeria’s construction industry is expected to continue to grow for the foreseeable future. Major demand drivers include rapid population growth, high levels of government investment in infrastructure and steadily increasing urbanisation, among others. In the...
The construction materials segment in Nigeria has expanded dramatically in recent years, primarily as a result of local manufacturers ramping up production in an effort to supply rising construction demand. Large investments have flowed into the cement, steel, aluminium, paint and equipment industries, among other segments. Despite steadily...
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