COMMERCIAL PROPERTY INSIGHTS | 16 NOVEMBER 2020

We see potential from
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At Absa, our tailored commercial property finance solutions go beyond impactful property development and investment. Enabling the growth of our clients’ businesses is at the heart of what we do, making sure that our vision is always looking up.

That’s why we’re proud to have partnered with Goldkey Properties, by financing the development of the PwC head office in Accra, Ghana. That’s testament to our commitment to building possibilities across Africa.

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East African property is on the rise

Despite the challenging economic environment experienced over the last three years, the East African property market is one that appears to be offering some exciting potential for patient investors. While Emerging Market property faces certain headwinds including inflationary pressures, rising global interest rates and liquidity squeezes, there are reasons to feel optimistic about the sector as a whole.

EVENT

Expanding skywards requires growth experts

Future-proof organisation need sustainable solutions. This is why we’re proud to sponsor this year’s The East Africa Property Investment (EAPI) Summit. This year’s event marks the first in-person conference of industry leaders in two and a half years. It’ll feature keynote addresses, interactive panel discussions, case studies and formal and informal networking opportunities.

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2021 MSCI South Africa Annual Property Index returns show the sector recovered to a positive return of 5.3%

The IMF’s January 2022 World Economic Outlook forecasts global growth to moderate from an estimated 5.9% in 2021 to 4.4% and 3.8% in 2022 and 2023, respectively. This outlook was produced early in the first quarter and had not accounted for the outbreak of the conflict between Russian and Ukraine. The IMF further forecasts South Africa’s economic growth to decrease from 4.9% to 1.9% from 2021 to 2022 and to further decline to 1.4% in 2023. However, Absa Economic Research Unit forecasts moderately higher expectations with growth of 2.1% in 2022 and 1.7% in 2023.

Videos

2021 Property Sector Performance

Klaus-Dieter Kaempfer, Head Commercial Property Finance at Absa discusses the property sector's 2021 performance and the industry's outlook.