top african countries with the best property values in 2024
When it comes to investing in real estate, Africa offers many attractive opportunities. With a growing economy, a rising middle class, and increasing demand for housing, many African countries have become popular destinations for real estate investment. Investing in real estate can be a lucrative venture, and Africa offers a range of opportunities for real estate investors. Although there are different factors that affect real estate prices in different regions.
The price of real estate in any given area greatly influences residents’ decisions about where to live. Compared to other considerations such as income, security, and real estate appreciation, a person’s decision on where to live is heavily influenced by housing costs. For this reason, it is impossible to overstate the importance of statistics related to the value of real estate. Career choices and other important life decisions have been influenced by real estate pricing.
Thus, Numbeo, a global, crowd-sourced database of perceived consumer prices, crime rates, and healthcare quality, among other facts, studies the value of real estate around the world. According to Numbeo, the price-to-income ratio (less is more) is the primary measure of a real estate price index. Comparing median median household median disposable income, expressed in years of wages, to median apartment expenses is the standard way to measure it.
In this context for you, Here are the top five African countries with the best property value. These countries present viable investment opportunities for individuals or companies looking to invest in African real estate.
| Rank | Country | Property price to income ratio 2024 | Property price to income ratio 2023 |
|---|---|---|---|
| 1. | South Africa | 3.3 | 3.4 |
| 2. | Kenya | 12.1 | 16.0 |
| 3. | Morocco | 15.9 | 14.2 |
| 4. | Egypt | 16.2 | 12.0 |
| 5. | Nigeria | 21.1 | 28.2 |
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