- Africa currently has a population of 1.3 billion and is expected to be home to 2.5 billion people by 2050, almost double its current population.
- The African urban population is estimated at 45% compared to 72% for Europe and 81% for the United States. It should exceed 60% by 2050 according to the AfDB.
- According to UN-Habitat figures, more than 200 million people lived in slums in Sub-Saharan Africa in 2010, i.e. more than 60% of its urban population, compared to 13% in North Africa.
Like food and clothing, housing is part of the primary needs of every human being and is therefore a major concern for all countries, particularly African countries. However, access to decent housing is a real challenge due to a growing demand linked to the demographic explosion on the one hand, and a supply that is struggling to adapt to this rapid evolution on the other hand. Indeed, according to UN projections, Africa’s population is expected to double by 2050. This phenomenon will be accompanied by greater urbanisation and consequently increased demand not only for housing, i.e. residential real estate, but also for commercial real estate, industrial real estate, or office real estate. The real estate market thus presents a strong growth potential that we would like to promote at this forum.