Author(s): Mohammed Ali and Yasser Soror

Abstract: The dynamics of real estate investment decisions among private investors in Africa are influenced by a complex interplay of multifaceted factors. This review article endeavors to delve into the intricacies of these factors by conducting a thorough analysis of existing literature, empirical studies, and prevailing market trends. The primary objective is to offer a comprehensive understanding of the diverse elements that significantly impact investment choices within the African real estate landscape. Comprehensively examining a wide array of sources, including scholarly articles, empirical research, market reports, and industry analyses, this review amalgamates insights to discern the nuanced forces shaping real estate investment decisions in Africa. A critical focus lies in dissecting economic indicators such as GDP growth, inflation rates, interest rates, and foreign direct investment (FDI) inflows, elucidating their profound influence on investment sentiments and market attractiveness for private investors. Furthermore, this review extensively evaluates the regulatory and legal frameworks prevailing across various African nations. It investigates the role of property rights protection, effectiveness of investment laws, government policies, and regulatory stability in fostering an investor-friendly environment and shaping investment preferences. Delving into the socio-cultural aspects, this review scrutinizes demographic trends, urbanization patterns, shifting lifestyles, and societal changes impacting real estate investment preferences. Additionally, it assesses the transformative role of technological advancements, including PropTech solutions, sustainability initiatives, and digital innovations, in steering investment trends and reshaping investment strategies. Moreover, this comprehensive review delves into risk assessment and market dynamics, scrutinizing factors like political stability, market transparency, socio-economic uncertainties, and liquidity of real estate assets. It aims to decipher their substantial contribution to investor strategies and decision-making processes in navigating the African real estate domain. By synthesizing and integrating multifaceted insights from diverse sources, this review article seeks to provide a holistic understanding of the intricate elements influencing real estate investment choices among private investors in Africa. The findings and synthesized knowledge aim to serve as a robust foundation for informed decision-making, strategic planning, and navigating the dynamic and evolving African real estate market landscape.

DOI: 10.22271/27078302.2023.v4.i2a.35

Pages: 32-34 | Views: 151 | Downloads: 48

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