8th annual API Summit & Expo to Focus on New Avenues for Property Development in Africa.

2016 saw a boom of property and real estate development in many African cities with Mauritius capitalizing on property ownership and expanding the countries per capita wealth. These developments are happening on the fast rise and thus, a need for a sustainable strategy for managing the sector in Africa for a prolonged benefit. On August 24th and 25th 2017, API Events (www.APIevents.com) will be holding the 8th annual API Summit & Expo (www.APIsummit.co.za) in Johannesburg. The 2017 API Summit and Expo promises to delve in-depth into each of these topics, and more, with participation from over 35 countries, 600 delegates and 250 companies, providing insights, thought-leadership and solution-focused tools.

The real estate market is yet to spur in East Africa. Currently, West Africa seems to be a very favorable location for long term investment with countries like Nigeria, Ghana, Cameroon, and Senegal gaining some good investment attractions. In this regard, new investors with short term aim are likely to place their chances on upcoming nations fast growing real estate sector while some investors focus on long term future returns in countries with a slower pace and less competition.

“Africa is facing a new reality, but what does this mean for investors and developers looking to expand their growth and uncover new opportunities? Not only do we need to better understand this new reality, but also how best to approach it, realigning development strategies and investment models, all the while working together with new players in order to continue to develop and enhance Africa’s future property market,” says API Events Managing Director, Kfir Rusin.

Commenting on risk and uncertainties, Elaine Wilson, Divisional Director for Research at Broll Property Group said, “Some investors are getting wary of investing in the continent because of currency volatility especially in the retail sector due to dollar based rentals. East Africa is seeing an increase in formal retail space, however, financially strained consumers will still frequent informal traditional markets.”

Some key areas the summit will focus on include (but not limited to) – New debt: the emergence of non-bank lenders and new sources of debt financing; Will local governments and public sector step up in the drive to make housing more affordable and accessible?; How Zambia, Kenya and Ghana are leading Africa’s logistics sector rise?; Local institutional and pension fund capital fueling African real estate; Green-building in Africa: uncovering the return on investment.

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