Top Ten Reasons Why Property Investment in Africa is Worth It.

Investment in Africa is on the rise. This is largely because of the continent’s rapid economic growth, with an average GDP growth rate of 5% since 2000. The benefits of investing in Africa are numerous and include abundant natural resources, a youthful population (more than 50% of Africans are under the age of 25) and an increasingly affluent middle class. Here are some reasons why you should invest in African property today.

Africa's Economic Growth

Africa’s economic growth is largely thanks to the continent’s natural resources, which include an abundance of fertile soil, a wealth of minerals and the world's second-largest oil reserves. This has led to Africa becoming one of the fastest-growing regions in the world.

Youthful Population

The continent’s youthful population is one of the key factors why investing in Africa today makes sense.

With more than half of its population under the age of 25, Africa is home to many first-time buyers. The continent’s median age is 17 years old, with some countries like Nigeria and Ghana having median ages as low as 15. This means that there is a large number of potential first-time buyers who are expected to enter into property ownership.

Additionally, this high population of young people makes Africa unique in that it has not yet experienced the aging process, which has made the West so unattractive for investment purposes. As African cities become more desirable places to live due to their geographical location and increasing job prospects, the youthfulness of the region will be beneficial for investors looking for places where their money can grow quickly.

Increasing Affluent Middle Class

One of the main reasons Africa has become an increasingly attractive place to invest in property is because of its growing affluent middle level class. The African middle class has grown from less than 10 million people in 1990 to about 250 million people today (or about 30% of the population). Many African countries are experiencing rapid economic growth, which is fueling the expansion of their middle classes. As these countries expand their economies, more and more people are able to afford properties for the first time.

Natural Resources

Africa has a lot to offer in terms of natural resources. The continent is rich with commodities such as oil, copper, gold, and diamonds. With the increasing demand for these commodities globally and higher prices for them, African investment is on the rise.

Conclusion

Africa’s economy is booming and the continent is one of the most attractive investment destinations for investors. The continent has a youthful population, a sizable middle class that has been steadily growing, and a number of natural resources that have been driving economic growth. The continent has a lot of potential for growth, making it a great place to put your money.