The first scholarly collection of writings on real estate focused on the African continent It provides benchmarks for different actors including policy makers, regulators, academics, investment promoting agencies, real estate investment analyst, financiers, amongst different African countries

This book brings together a broad range of research that interrogates how real estate market analysis, finance, planning, and investment for residential and commercial developments across the African continent are undertaken. In the past two decades, African real estate markets have rapidly matured, creating the conditions for new investment opportunities which has increased the demand for a deeper understanding of the commercial and residential markets across the continent. The chapters consider issues that pertain to formal real estate markets and the critical relationship between formal and informal property markets on the continent.

With contributing authors from South Africa, Ghana, Nigeria, Uganda, Kenya, and Tanzania, the book considers the achievements of African real estate markets while also highlighting the complex central themes such as underdeveloped land tenure arrangements, the availability of finance in both the commercial and residential sectors, rapidly growing urban areas, and inadequate professional skills. This book is essential reading for students in real estate, land management, planning, finance, development, and economics programs who need to understand the nuances of markets in the African context. Investors and policy makers will learn a lot reading this book too.

Table of Contents

1. Sub-Saharan Real Estate Markets: An Overview of the Contributions

Francois Viruly and Aly Karam

2. Global Trends Impacting African Real Estate Markets

Dr. Wilfred K. Anim-Odame

3. Africa Cities, Urban Growth Management and Property Development

Cecil Madell and Aly Karam

4. The Residential, Office, Retail and Industrial Markets in West Africa

Gavu, Emmanuel Kofi; Owusu-Ansah, Anthony and Anim-Odame, Kwabena Wilfred

5. Land Tenure Systems and Sustainable Land Management with Special Reference to the Kenyan Rural Areas

Jennifer Murigu

6. The Impact of Land Tenure on Real Estate Markets & Land-Use Rights and Land Registration

Terzungwe T Dugeri & Austin C Otegbulu

7. Towards A Harmonious Land Administration Institutional Service Delivery in Kenya; A Decentralized Approach

Dr. Winnie Mwangi

8. The Policy Frameworks Supporting Sustainable Development of Real Estate in Kenya

Dr Mwenda K. Makathimo

9. An analysis of the Evolution of the Sub-Saharan African Residential Real Estate Research

Aly Karam, Francois Viruly and Taiwo Afinowi

10. Inclusive, Affordable and Smart Housing in Africa

Prisca Simbanegavi, Kolawole Ijasan

11. A tale of two pathways: how the low-end Gauteng residential property market may be shaped either by state-driven supply or by a more enabled private sector

Mark Napier, Antony K Cooper, Jennifer P. Holloway, Londeka Thanjekwayo, Nick Graham, Alize Le Rouz

12. Appraisal of Nigeria Real Estate Market: Constraints and Opportunities

Austin Otegbulu, Victor A. Akujuru

13. Challenges of Raising Real Estate Finance in Nigeria

Akinola E. Olawore

14. Performance of Sector-Specific and Diversified REITs in South Africa

Omokolade Akinsomi

15. Application of Building Management System (BMS) in Commercial Property Management in Kenya

Walter Ogolla, Raphael Kieti

16. An investigation into the perceived impact of implementing innovative digital technology in the property transaction process in South Africa: Implications for African Property Markets

Jason Green, Francois Viruly and Alireza Moghayedi

17. Real Estate Education in Africa South of the Sahara

Catherine Kariuki, Kathy Michell, Rachael Daisy Mirembe

18. The Real Estate Education in West Africa

Akujuru Victor A., Deeyah Christopher L.