You’re going to get to know a bit about the growth of the African real estate market and why you should get involved.
If you’ve ever wondered how to make money in international real estate or wanted to know what are some factors to consider when investing in real estate, Read this!
If I know you, you watch the videos on how to buy real estate, how to start with little or no money. You may want a passive source of income or a little extra income, but you haven’t gotten started yet. Either you’re afraid of the investment, or you’re interested in finding a cheap deal to flip OR (and I’m hoping it’s why you’re here) you want to get involved in real estate on an international level.
This sounds high class and luxury right? Well, wipe a giant beach front hotel from your mind and start thinking simpler. I’m talking about a basic family home, apartment building in a busy city.
To start, you need to get excited about the African Real Estate market. Here’s why.
The biggest reason is growth, growth,growth:
Tanzania, Rwanda, Ghana, Kenya and Ethiopia, where their economies are growing a healthy middle class, real estate markets expand along with them.
African real estate market is an investor’s goldmine
High Demand and Property Market Value
In the case of Nigeria: Research shows that Nigeria’s housing deficit stands at more than 20 million units, the highest in Africa. https://seso.global/aboutus/index.php/2021/10/22/4-reasons-to-invest-in-nigerian-real-estate/
Nigeria has an urban population growth rate of 4.1 percent in 2021 and a
A UN report suggested that around 700,000 thousand housing units will have to be built every year in Nigeria to keep up with the steady growth in demand for housing.
To compare that to the US its: 0.37089 % in 2021, according to the World Bank
If you never learn anything else from me, know that increase in demand paired with a lack of supply = an opportunity.
So what kind of real estate is needed?
According to ‘how we made it in africa” some of the opportunities include:
Offices, they remain resilient after covid because of their stable internet infrastructure
Industrial real estate with more companies opting to rent rather than build and buy.
Five real estate trends and opportunities in Africa
But those are big time, how about some small time opportunities?
This article from the African branch of business insider lists the smaller time opportunities, but they are what you may expect in your country:
Long-term residential – vacation rentals, short-sales, fix and flip. Nothing new in terms of real estate other than the market and the crazy growth in the market.
The most important thing is to do your research, learn the local regulations when it comes to being a foreign investor and to put as much thought into the area in a city you buy a property as you would in your city.
I’ll attach an article below that speaks more about best cities and countries in Africa to invest and some things to think about with investment properties in Africa
If you aren’t excited yet, I can’t help you. I showed you the pics. I told you about how much growth there is and will continue, but if you want to go deep on this topic. Here’s a great channel I found on different real estate markets around Africa and some investors in them as well.
And I want to add something to this article and will do it with all of my global opportunity vid. Fall in love with a country, a culture, a people and invest there. Because then you don’t just go to make money, you see how whatever you do there can help create jobs or raise the standard of the people. It’s not different advice from any other investing. Find something you’re interested in, research it, invest in it.
For more content like this about opportunities around the world, download 31 days of opportunity book.
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