(Ecofin Service) - Twelve African countries are in the top 20 emerging markets where luxury real estate is the most affordable, according to a study released on 1 September by the German real estate portal Lamudi.
Ethiopia has topped the rankings on the 32 emerging countries where Lamudi is present. Buying a luxury real estate property in Ethiopia costs an average of 396.58 euros per square meter.
Côte d'Ivoire, a country in full economic relaunch after a political and military crisis, positions, with an average price of 427.65 euros / m2, according to the classification made on the basis of the average price per square meter from several Thousands of listings on the portal Lamudi.
Tanzania claimed third place in the ranking (486.03 euros / m2).
With an average price of 850, 54 euros / m2, Kenya arrives 6th positron, after Mexico and Colombia.
Nigeria (856.29 euros / m2) close behind Kenya while Tunisia (885,52euros / m2) occupies the 9th position, just ahead of Ghana (1035.75 euros / m2) Morocco (1144, 25 euros / m2 ) points to 12th place, ahead of Mauritius (1484.49 euros / m2).
Uganda (1597.22 euros / m2) came 15th, ahead of Algeria (v 1766.53 euros / m2) while Angola (3965, 52euros / m2) closes the Top 20.
Note that Angola arrives at Qatar and the United Arab Emirates.
Lamudi through this study aims to identify areas for investment in real estate luxury.
Agenceecofin.com
