Chinese investors boosting Africa's property market: experts

0 Comment(s)Print E-mail Xinhua, March 10, 2016
Adjust font size:

The inflow of Chinese investments into Africa's real estate sector has had a positive effect on the continent's property sector, experts said on Thursday.

Peter Welborn, Africa chairman of global real estate consultancy Knight Frank, told Xinhua in Nairobi that in some Africa countries such as Tanzania, there has been a lowering of office rent as a direct result of Chinese built commercial and residential houses.

"Chinese investors have increased the supply of buildings and hence reduced the prices for rent," Welborn said during the launch of the firm's Wealth Report 2016.

Welborn said Africans prefer to work with foreign investors who believe in the continent's future.

"The Chinese have been preemptive in believing in Africa and that's why they have been successful in the real estate sector," he said, adding that the typical model that Chinese investors use is to partner with local investors.

"The Chinese provide the funds while the local partner provides the land. In this way, under-developed land is developed to create modern commercial and residential buildings," he said.

According to the chairman, Chinese investors who were mostly involved in the infrastructure development will now begin to move into the real estate sector.

"The Chinese have developed an understanding of the local business climate and are likely to be more successful in executing real estate projects," he said.

Knight Frank Kenya Managing Director Ben Woodhams said Chinese investors are beginning to play a bigger role in Kenya's real estate sector.

"They have now also emerged as big players in the commercial buildings sector," he said, adding that the entry of Chinese contractors into Kenya will force local contractors to lower their profit margins.

"This will mean that houses will be more cheaper and that property investments will become more profitable," Woodhams said. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 成人在线激情网| 最新国产福利在线观看| 午夜免费理论片a级| 韩国女友的妈妈| 国产成人黄网址在线视频| 67194成人手机在线| 天天影院良辰美景好时光电视剧| 中文字幕天天躁日日躁狠狠躁免费 | 天堂√在线官网| 一本大道久久a久久综合| 日本h无羞动漫在线观看网站| 久久精品中文字幕无码绿巨人| 欧美亚洲人成网站在线观看刚交| 亚洲狠狠色丁香婷婷综合| 玉蒲团2之玉女心经| 免费看黄视频app| 精品视频一区二区三区| 国产一区二区三区在线影院| 青青草原国产视频| 国产在线观看无码免费视频| 色人阁在线视频| 国产精品va在线观看无码| 4480yy苍苍私人| 国产高清在线精品免费软件| 97精品依人久久久大香线蕉97| 天天干天天干天天| julia无码人妻中文字幕在线| 小兔子好大从衣服里跳出来| 一级毛片免费播放视频| 手机在线看片你懂得| 久久久久人妻精品一区蜜桃| 日本高清乱理伦片中文字幕啊| 久久精品国产精品青草| 日韩精品久久久久久久电影| 久碰人澡人澡人澡人澡人视频| 本子库里番acg全彩无遮挡| 亚洲av永久无码精品秋霞电影影院| 欧美国产成人精品二区芒果视频| 亚洲国产成人精品无码区花野真一 | 欧美精品99久久久久久人| 亚洲欧美中文日韩v在线观看 |