Over the past five or six years, Africa has seen a rush of real estate investors from outside the continent, looking to cash in on rising numbers of young people, and the middle class, which combined to boost high consumption behaviour in many countries boasting what one online report referred to as “double-digit economic growth” .
But things have gradually slowed down since those heady days…
This is due to a change in fortunes that has swept across many African economies, with major players like Nigeria suffering serious recession-based economic slowdown that caused foreign investors’ risk-taking appetite for investing here to wane.
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