Africa’s 2023 real estate investment only 0.15% of global $684 billion market – Report 

This information is highlighted in the newly released “African Real Estate Capital Trends” report by Estate Intel, an African real estate market intelligence platform. 

The report also revealed that Africa had the lowest real estate investment volume in 2023 at $1 billion, with the Middle East and South America also recording relatively low figures at $2 billion and $4 billion, respectively.

In stark contrast, North America led with $373 billion, followed by Europe at $162 billion and the Asia-Pacific region at $140 billion. 

“While we note the overall annual growth rate of transactions in the continent, Africa’s investment landscape is still very small. A closer look at regions such as North America, Europe, and APAC indicates a significant difference in the value and number of property transaction recorded in 2023. Precisely, the three regions recorded US $ 373b, US $ 162b and US $ 143b worth of investment volumes in the period under review, respectively, whereas Africa recorded transactions worth US $1b,” the report read in part.  

Furthermore, the report highlighted that significant real estate investments in Africa in 2023 were driven by notable projects in countries such as South Africa and Kenya. Key developments in South Africa included the Sam Ntuli Mall and the Standard and Nedbank buildings, while in Kenya, major projects such as the Highway House and Yaya Centre contributed to the investment volume. 

The Estate Intel report also provided detailed insights into Africa’s real estate investment volumes from 2010 to 2023, highlighting performance across various regions of the continent.