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Africa’s young population will drive the demand for real estate and different types of real estate. Across Africa there will be continued urbanisation, an expansion of current cities and the rise of new cities.
According to the World Bank, Africa’s median age was 19.7 years in 2012, and it is expected to increase to 25.4 years in 2050, making Africa the continent with the youngest population. The global megatrend relating to ageing populations and the consequent increase in the demand for retirement homes is therefore not expected to have a significant impact in Africa by 2020.
Recommended: Into Africa: The continent’s Cities of Opportunity – PwC (Video, Slides, and Report)
Projections suggest that in 2015 the continent will have a population of 226 million aged between 15 and 24 years. This is expected to double by 2045. This young population will drive growth in the demand for housing. This may include new or emerging residential subsectors, for example student housing.
Africa is the world’s second-largest and second-most populous continent with 30.2 million km² or 20.4% of the total global land area. Mauritius is the most densely populated country on the continent with 639 people per km², while Namibia is the least densely populated with three people per km².3 The figure alongside shows the diversity of population density in Africa.
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Real estate: Building the future of Africa – PwC
- Africa Report 2015 – Real Estate Markets in a Continent of Growth and Opportunity: Knight Frank (Infographics & Report)
- African Markets Guide 2015: Barclays (Report)
- Into Africa: The continent’s Cities of Opportunity – PwC (Video, Presentation, and Report)
- Compelling investment markets in Africa – Inside Riscura’s Bright Africa 2015 Report: Debbie O’Hanlon, Senior Analyst, RisCura (Infographics)
- The 2015 African Retail Development Index (Infographics, Video & Report): AT Kearney
- Top property markets in Africa
- Africa Asset Management 2020: PwC (Infographics & Report)
- Shop Africa 2016 (Report & Infographics): Knight Frank
- Real GDP Growth Rates (2007 – 2017) of Countries in Africa (Interactive Map & Chart)
- IPO Watch Africa 2014: PwC (Infographics & Report)
- Africa’s Prospects – Macro Environment, Business, Consumer and Retail Outlook Indicators (Infographics & Report): Nielsen
- Africa attractiveness program 2016: EY (Infographics & Reports)
- African economic growth: The twilight of the resource curse?
- South Africa’s largest REIT Growthpoint joins forces with Investec and IFC to invest in African real estate
- Real Estate Transparency Improves in Sub-Saharan Africa
- Africa Exchange Guide 2015: African Alliance Capital Markets (Presentation)
- Five private equity funds targeting real estate investments in Nigeria (Photos)
- A New Map for Business in Africa
- South Africa losing buyout allure to fast-growing Sub-Saharan African rivals
- 3 reasons things are looking up for African economies: McKinsey & World Economic Forum
- Africa’s megaprojects: 326 billion reasons Africa is on the move (Photos, Infographic & Video)
- Spotlight on Southern Africa Private Equity (Report & Infographic): African Private Equity and Venture Capital Association (AVCA)
- In South Africa, more evolution than revolution
- Private equity firm Abraaj is interested in buying Barclays Africa (Infographics & Video)
- Africa: Firmly on the map
- Sub-Saharan Africa’s most and least resilient economies (Infographics): Anna Rosenberg, Head, Sub-Saharan Africa Research, Frontier Strategy Group
- Which African countries will see the greatest growth in millionaires over the next 10 years?
- Urbanization and population growth fuel African real estate
- High stakes for high reward? Real estate funds come to Africa
- Momentum raises $50 million for its Momentum Africa Real Estate Fund
- Rate cuts & healthy FX reserves pave way for next bull run in Africa’s markets: Ryan Hoover, Portfolio Manager, Africa Capital Group
- Africa’s richest man plans to almost double the continent’s cement production by 2020 (Infographic)
- Listed Real Estate in Eastern Africa and Beyond: What Next?
- Africa: A growing insurance market
- Momentum Africa Real Estate Fund reaches $150 million in second close
- Eris and Momentum to invest over $308M in West African real estate
- African Property Delivers for Private Equity Investors: Derrick Roper, CEO, Novare Equity Partners
- African IPOs Set to Double Capital Raised in 2016: Baker & McKenzie (Infographics)
- East Africa’s second-tier cities hold untapped potential
- Here are 4 ways for American investors to invest in Africa right now