In a recent report on the Real Estate market in Africa, Nigeria and South Africa are seen to be dominating the terrain with massive investments.
According to a new Africa’s Report 2015 released by an international real estate firm, Knight Frank, Africa’s population would quadruple to over four billion by the year 2100, with about one billion of the people coming from Nigeria alone.
The report noted that the single most important demographic trend that would shape the world would be that by the year 2100; about 40 per cent of the world’s population will live in Africa, with large majority of them, being in the continent’s fast growing cities.
The overall Sub-Saharan Africa is one of the world’s most rapidly developing economic regions, and it is projected that 13 of 20 fastest growing global economies over the next five years would be in Africa.
This expectation had already spurred international investors, who are investigating the opportunities in the continent’s real estate markets.
