Understanding African Real Estate Markets

Aly Karam is a visiting associate professor in the School of Architecture and Planning at University of the Witwatersrand, Johannesburg, South Africa. He earned a PhD in city and regional planning from the University of North Carolina at Chapel Hill, North Carolina. His research interests and publications extend to both the planning and the architecture disciplines. In architecture he publishes on marketing and on the use of IT in practice and its effect on the management of the architecture offices. His planning research and publications revolve around informality, land and real estate, housing policy, and the housing process. François Viruly is an associate professor and director of the Urban Real Estate Research Unit at the University of Cape Town, South Africa. He has been President and Executive Director of the African Real Estate Society and the 2022 President of the International Real Estate Society. His research interest lies in the development and sustainability of property markets across the African continent. Catherine Kariuki is a lecturer at the Department of Real Estate, University of Nairobi. She holds a Bachelor of Arts degree in land economics and a Master of Arts degree in housing administration and is a registered and licensed valuer. Her research interests are in property management, valuation, housing and land management and administration. She is a past President of the African Real Estate Society and a board member of the International Real Estate Society. She has previously served as a board member of the Valuer’s Registration Board. Victor A. Akujuru holds a BSc degree in valuation and estate management from Bristol Polytechnic, a MSc in urban land appraisal from the University of Reading, and a PhD in built environment from Salford University, all in England. He is a fellow of the Nigerian Institution of Estate Surveyors and Valuers, a registered estate surveyor and valuer, a Right of Way Agent, and a Right of Way Instructor. He has held visiting research positions at Kaduna State University, and University of Jos, Nigeria. He is a past president of the African Real Estate Society.

• 1. Sub-Saharan Real Estate Markets: An Overview of the Contributions 2. Global Trends Impacting African Real Estate Markets 3. Africa Cities, Urban Growth Management and Property Development 4. The Residential, Office, Retail and Industrial Markets in West Africa 5. Land Tenure Systems and Sustainable Land Management with Special Reference to the Kenyan Rural Areas 6. The Impact of Land Tenure on Real Estate Markets & Land-Use Rights and Land Registration 7. Towards A Harmonious Land Administration Institutional Service Delivery in Kenya; A Decentralized Approach 8. The Policy Frameworks Supporting Sustainable Development of Real Estate in Kenya 9. An analysis of the Evolution of the Sub-Saharan African Residential Real Estate Research 10. Inclusive, Affordable and Smart Housing in Africa 11. A tale of two pathways: how the low-end Gauteng residential property market may be shaped either by state-driven supply or by a more enabled private sector 12. Appraisal of Nigeria Real Estate Market: Constraints and Opportunities 13. Challenges of Raising Real Estate Finance in Nigeria 14. Performance of Sector-Specific and Diversified REITs in South Africa 15. Application of Building Management System (BMS) in Commercial Property Management in Kenya 16. An investigation into the perceived impact of implementing innovative digital technology in the property transaction process in South Africa: Implications for African Property Markets 17. Real Estate Education in Africa South of the Sahara 18. The Real Estate Education in West Africa

"This book is a novel contribution to the under-researched African Real Estate Market and its presentation will be well understood by students and practitioners." Professor I. U. Kalu, Department of Estate Management, Abia State University, Uturu, Nigeria