Africa overview: real estate in numbers

Rise of the middle class ramps up retail activity in the regionUrbanisation and the rise of the middle classes ramps up retail activity and demand for high quality logistics developments in Africa. Janie Manzoori-Stamford explores the data

Continent overview






19.5 yrs

Urban population Rural population Projected GDP growth rate in Fastest-growing economy: Ivory coast Total wealth of ultra high net worth individuals Population growth rate per hour of Fastest-growing city: Lagos, Nigeria Median age


Investment data

Total H1 2015 Total H1 2016 % change YOY
Capital market flow total $1.5bn $1.1bn -28.7
Domestic investment $1.1bn $912m -14
Cross-border investment $449m $164.1m -63.4

Source: Real Capital Analytics

Rise of Africa’s middle class

Year Africa’s population (bn) % middle class
2010 1 36
2060 2.6 42

Did you know?

There is 280.3m sq ft of completed shopping centre space, of which 248m sq ft is in South Africa.

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Shopping centre boom

Urbanisation and the rise of the middle classes in countries such as Kenya is driving a wave of shopping centre developments spreading into neighbouring East Africa’s capital cities. Nairobi, which has 16 shopping centres, has this year…

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