Real estate in Africa continues to drive growth potential, says Standard Bank's Head of Real Estate Finance

Gerhard Zeelie, Head of Real Estate Finance ex. South Africa, Standard Bank

A growing consumer middle-class, powered by rapid urbanisation and shifting demographic trends is driving both property demand and growth opportunities in the real estate sector across the African continent.

“Increasingly, both foreign and local investors are seeing the growth potential of Africa, spurred by rising consumer spending of Africa’s developing middle class”, said Gerhard Zeelie, Head of Real Estate Finance (Rest of Africa) for Standard Bank. “Economic growth and ongoing investments in infrastructure are opening up previously inaccessible markets.”

Some of the key African countries that are realising opportunities for real estate investment include Nigeria, Ghana, Kenya, Mozambique and Zambia.

Read more: Real estate in Africa continues to drive growth potential – Africa Property News | Commercial & Residential Property | Real Estate Investment and Construction News

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