• Real Estate and Property in Lesotho for Sale and Rent

African urban growth is expected to be massive

African urban growth is expected to be massive

Real estate sector in Africa has been experimenting an impressive growth. On average, 10,000 accommodations miss each year in most of these countries, and despite some governmental endeavors, the shortfall is still important.

According to several studies, African population is going to increase over threefold during the next 40 years. This demographic growth will inevitably go with a strong development of cities, which has already started. Currently, 400 millions African people are living in urban zones, which is 40% of the population; it was 3% 50 years ago, and it will be 1,2 billion in 2050 (60%). Finding a home for their family is a necessity for parents, and an obligation for the African gouvernent.

The African diaspora represents more than 30 million people worldwide. They send 40 billion dollars each year to their native country. This money is mostly used for emergency help for families, but also for investment: real estate is the first investment item of the diaspora that takes to heart owning an accommodation in their home country.

img

Lesotho Properties

Related posts

How Long Will It Take To Close A Loan? Buyers To Lenders:

The market dimensions are varying very fastly; the debtors want to know the real situation while...

Continue reading
by Lesotho Properties

Here are the guidelines for buying home in Africa (African Real Estate)

Nowadays, exploring new places to live and traveling to beautiful destinations has become...

Continue reading
by Lesotho Properties

The Most Common Appliance Issues and How to Fix Them

In Lesotho only a few out of every odd device issue needs a proficient fix. The fixes are...

Continue reading
by Lesotho Properties

Join The Discussion