The rental housing market in African cities is one of the most attractive investment areas in the long term, Olivia Nielsen, representative of Miyamoto International, said during the panel titled “Capital, Capacity and Market Confidence” held within the framework of the World Urban Forum (WUF13), APA-Economics reports.
“If I had all the money in the world, I would invest it in the rental housing sector in African cities,” Nielsen emphasized.
According to her, the population of African cities is rapidly increasing, land prices are rising and housing construction will become even more difficult in the future. However, the main concern for investors is not the scale of demand, but the existence of solvent demand and the legal protection of investments.
She added that clearer risk assessment and the creation of mechanisms that increase investor confidence are important for the development of the rental housing market in Africa.
