ABSTRACT
Surging global real estate capital flows have been a major factor in the development of a set of ‘emerging’ real estate markets in Asia, Latin America and Central and Eastern European countries. For countries in sub-Saharan Africa, the impact has been less significant. By international standards, real estate markets in sub-Saharan Africa have remained small with the exception of South Africa. Markets which are small in total value are less likely to offer investments in large lot sizes, or the levels of liquidity preferred by international investors. A standard measure of real estate market transparency in the industry is the Global Real Estate Transparency Index (GRETI) by Jones Lang LaSalle (JLL). The index covers factors such as performance measurement, market fundamentals, governance of listed vehicles, regulatory and legal, transaction process including availability of market information, and sustainability.
