The New Year brings a new face to real estate. In fact, it’s an entire makeover with the effects of 2020’s pandemic Covid 19. Global economies were influenced far and wide depending on the fiscal measures taken among the citizens and in the urban marketplaces to mitigate the impact of the virus. Below is the most reputable report about Africa during this arduous period, and how the virus has impacted the Real Estate market.
September was a good time to be an apartment-hunter in Nigeria, Ghana, Senegal and Ivory Coast. Rents deflated, inventory was booming, and incentives were profuse.Market conditions in Real Estate steadied in Accra, especially in Labone and East Legon areas and surrounding. The commercial market was hindered due to possible contracts put on hold as a result of moving restrictions but there is possible reconciliation.