Tag: real estate sector
As the effects of the Covid-19 pandemic continue being felt world over, real estate companies are being impacted in different ways depending on region and asset class. CNBC Africa spoke to Paul Rwigamba, Director of project and property management at Century Real Estate, to understand the impact of the global pandemic on the real estate sector in Rwanda.
Nigeria’s heavy reliance on foreign imports for construction materials means that its real estate sector’s recovery is hinged on the opening up of global supply chains that's according to a report by Estate Intel. The company's CEO Dolapo Omidire, joins CNBC Africa to discuss the impact of the COVID-19 outbreak on Nigeria’s Real Estate Sector.
As the year winds down, we find out what trends have shaped Nigeria's real estate sector this year, as figures from the National Bureau of Statistics (NBS) show the sector has contracted for the second consecutive quarter, after coming out of recession in the first quarter of this year. Jemil Dawodu, Managing Director of CBRE Excellerate joins CNBC Africa for more.
PwC estimates the amount of dead capital in residential real estate and agricultural land alone could be between $300 to $900 billion. Andrew Nevin, Partner and Chief Economist at PwC Nigeria joins CNBC Africa to explore ways to unlocking Nigeria’s dead capital.
Data from Nigeria’s National Bureau of Statistics shows that the real estate sector is back to positive growth, as the sector recorded a rise of 0.93 per cent in the first quarter.
The United Nations expects Nigeria to become the third most populous country in the world by 2030. The country's real estate sector would require innovative funding structures to accommodate the housing needs of the growing population. Tola Akinhanmi, Acting Head; Real Estate Finance, West Africa at Stanbic IBTC joins CNBC Africa to explore the financing structure for commercial real estate development in Nigeria.
According to a report put together by LuxHabitat the way forward for Dubai's property market is affordability. This could be a promising prospect for local investors looking for greener pastures. Joining CNBC Africa for more is Andrew Chifamba, Client Relationship Manager, from Dubai based Real Estate Company, Citiway.
Rwanda’s real estate sector remains key to the country’s economy. The sector contributes more than seven per cent to the national GDP, with a growth rate of 9.5 per cent annually. Joining CNBC Africa to help us understand this growth, the challenges and opportunities in this sector is Charles Haba, Managing Director, Century Real Estate Ltd.
12Page 1 of 2