• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Features

Real Estate: What $100,000 can buy you in African cities

3 years ago
in Features, highlights, Home, home-news, latest News, Opinions, Real Estate
2 min read
0 0
0
301
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Real Estate: What $100,000 can buy you in African cities

Growing rental demand, increasing supply and, in most cases, recovering local economies have seen Cairo, Dar Es Salaam, Johannesburg and Lagos emerge as the cheapest cities for residential property across Africa.

In general, African cities remain relatively underdeveloped compared to the world-leading residential hubs of Dubai, Hong Kong, or Manhattan. Still, the past decade has seen a period of steady growth and improvement in relative affordability. 

In addition, the impact of the pandemic has meant that the markets have remained active due to pent up demand, with house prices now seemingly recovering and buyer enquiries gaining traction. 

In the figure below, we illustrate the relative affordability of residential units across Africa by illustrating how many square meters US$ 100,000 can buy you in Africa’s leading cities.

According to our analysis, Casablanca and Nairobi, rank as the most expensive cities affording you only 62 and 68 square metres of space respectively.

On the other hand, Lagos, Johannesburg, Dar Es Salaam, and Cairo rank as the least expensive cities affording you over 200 square metres of space for US$100,000.

RelatedPosts

Why China is Pouring Billions into Brazil’s Energy and Oil

UBA Ghana Assures Customers of Deposit Safety Amid Forex License Suspension

Verstappen Claims Historic Pole Position at Monza with Record-Breaking Speed

Below, we highlight a few examples of these properties

What US$100,000 can get you in select cities
  • A 1- bedroom unit at Solaris Apartment in Accra
  • A studio apartment at the Lennox, Accra
  • 2 Executive Suites at Iconic Towers in Victoria Island Lagos
  • A 2-bedroom apartment at Highridge Towers apartments in Nairobi

The affordability question remains 

Overall, while at face value these cities seem largely affordable compared to other areas in the world, they remain relatively unaffordable for the majority of city residents relative to median incomes.

In Cairo for example, during Q1 2022, sale prices in 6th October city and New Cairo respectively increased by 8% and 6% Y-O-Y in line with inflation, according to JLL. However, average household disposable income is only expected to increase by 7% in 2022(Oxford Economics). 

Similarly in Nairobi, house prices were estimated to grow threefold in 2021 compared to the year earlier with this trend set to continue in 2022. However, average disposable household income only increased by 2% during this period. 

A similar scenario continues to play out across the other cities as affordable housing demand persists. Coupled with a declining supply, access to housing continues to remain a challenge for the majority of households across Africa.

Tags: 000 can buy you in African citiesReal Estate: What $100residential property across Africa.
No Result
View All Result

Highlights

Burkina Faso Seeks to Ease Worries Around Mining Stake Plans

Gold Stocks Break 2011 Record High as Investors Seek Safe Havens

Sports Minister Kofi Adams Urges Black Stars to Secure Victory Against Mali

Sabalenka Retains US Open Crown with Record $5 Million Prize Money

Lamentation at Nigeria’s Foreign Missions

From the Continent, For the Continent: Building Homegrown Instant Payment Systems to Drive Financial Inclusion in Africa

Trending

Features

Why China is Pouring Billions into Brazil’s Energy and Oil

September 7, 2025

Why China is Pouring Billions into Brazil’s Energy and Oil China has boosted investments in Brazil to...

UBA Ghana Assures Customers of Deposit Safety Amid Forex License Suspension

September 7, 2025

Verstappen Claims Historic Pole Position at Monza with Record-Breaking Speed

September 7, 2025

Burkina Faso Seeks to Ease Worries Around Mining Stake Plans

September 7, 2025

Gold Stocks Break 2011 Record High as Investors Seek Safe Havens

September 7, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.