Market Overview

The East African Region, encompassing Ethiopia, Uganda, Rwanda, Burundi, Kenya, Tanzania and Mozambique has been experiencing unprecedented economic growth in the last decade fueled by political and macro-economic stability, structural reforms and market liberalisation and natural resources. Individual Economies have registered some of the highest rates of growth in the world ranging between 6 to 8% per annum. The region is set to experience even more growth in the next decade with major resource discoveries of oil, natural gas, minerals and the expansion of the knowledge economy. This growth is attracting increasing numbers of expatriates to the region and a rapid expansion of the middle class. These factors are driving demand for high quality real estate investments in the region particularly in the hospitality and residential sectors; whilst local capacity in terms of funding and expertise is still significantly lagging.