5 African cities where house values are rising and 5 where they are falling

Introduction: Real estate in Africa is undergoing exciting developments, with some markets growing rapidly and others declining. In this article, we'll look at current real estate trends in Africa, highlighting five cities where home values are rising and five where they're falling. This will help you better understand the opportunities and challenges in different regions of the continent.

Rising:

1-Lagos, Nigéria: Lagos is one of the fastest growing cities in Africa, with increasing demand for housing due to its expanding population. Investments in commercial and residential real estate have contributed to the rise in property prices.

2-Nairobi, Kenya: Nairobi is a growing financial center, which is driving demand for real estate. Areas like Karen and Runda are particularly popular, with constant increases in property prices.

3-Accra, Ghana: Ghana has become an attractive destination for foreign investors, particularly in real estate. Accra, the capital, is experiencing a significant increase in demand and prices for properties.

4-Le Cap, Afrique du Sud: Cape Town is one of the most sought-after destinations in South Africa, and its upscale neighborhoods like Camps Bay and Constantia are seeing a steady rise in property prices due to demand from local and international buyers.

5-Kigali, Rwanda: Kigali, the capital of Rwanda, is becoming a regional economic hub. Investments in real estate have led to an increase in prices, particularly in the Nyarutarama and Kacyiru districts.

Falling:

1-Luanda, Angola: Luanda, due to historical dependence on the oil sector, experienced a decline in property prices following the fall in oil prices in 2014. Prices have since stagnated.

2-Harare, Zimbabwe: Economic instability in Zimbabwe has affected Harare's property market, with prices falling due to political and economic uncertainty.

3-Abidjan, Côte d'Ivoire: Although Abidjan has experienced steady economic growth, property prices have faced stagnation due to the overconstruction of luxury apartments.

4-Le Caire, Égypte: The real estate market in Cairo is declining due to a glut of new real estate and political instability.

5-Windhoek, Namibie: Windhoek has seen a decline in property prices due to economic uncertainty, but there are signs of recent stabilization.

Real estate trends in Africa vary greatly from city to city. While some cities are experiencing rising prices due to economic growth, others are experiencing declines due to local and international factors. Thoroughly researching and considering these trends is essential to making informed real estate investment decisions on the African continent.

- Walazouo.com