Africa’s Real Estate Market set to hit Trillions by 2030

Written By Lexx Thornton

As children, when we are in school and taught about Africa, we are taught that it is the motherland. The unstable motherland, the unhealthy motherland, the poor and starving motherland. As we have grown and uncovered history we find out that what we were taught isn’t100% accurate. Africa is rich in a wide range of natural resources, biodiversity, cultural heritage,and human potential. Even countries in Africa such as Dubai is the top global gold trading hub and has a GDP of about USD 140 billion.

Africa’s real estate market is a dynamic and growing sector, with significant potential for investment. It’s projected to reach a value of US $17.64 trillion by 2025, with the residential sector dominating at US$14.87 trillion. The market is expected to see an annual growth rate of5.58% from 2025 to 2029, reaching US$21.92 trillion by 2029. Their real estate market isbooming and it’s just getting started. With rapid urbanization and a growing demand for homes and commercial space, the industry will see trillions!

Cities like Largos, Nairobi, and Accra are rising fast from shopping malls and office towers to high-rise apartments, the future is being built right before our very eyes.Foreign investment also plays a pivotal role, with international investors increasingly recognizing the market’s strong return potential. There’s a surge in demand for affordable housing, particularly in cities likeKenya and South Africa, due to urbanization and government initiatives. Africa is a very diversecountry with plenty of opportunities.