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Real Estate Investors converge in Botswana

Publishing Date : 14 May, 2018


After realizing that Botswana is tempting for real estate investors as it has a high percentage of listed property companies, Africa’s second most transparent property market, API Events' BotsReal Property & Infrastructure found it fit to organise a Forum to be held on the 30th of May 2018.

The forum will bring the country’s property market into sharp focus as it explores opportunities in the market through the theme, ‘The search for Growth’. API Events, Africa’s leading real estate conferencing company, notes that Botswana has been selected for this year‘s conference because there has been substantial realization that Botswana has potential for real estate investments.

API Events' Managing Director (MD) Kfir Rusin noted that the country is viewed as a mature market by property investors and developers. He said the country presents an increasingly compelling investment case for those searching for stable long-term returns more especially because the Gross Domestic Product (GDP) is expected to grow by 4.5 percent this year.

Despite these solid credentials and the country’s track record in investing its mineral wealth into development and infrastructure projects, the Rusin noted that Botswana has been buffeted by strong economic headwinds of late, which has resulted in a slowdown in development projects, and this has forced market players to innovate.

He further noted that while there has been a rush to push developments to smaller towns outside Gaborone, his advice would be that of caution. He sensitises that although there is substantial market, there are many precautions to take when selecting an area to invest in. he gave the example of Palapye; “Take Palapye for instance where there is quite a bit of economic activity with the power stations, but, after years of under supply, there are now four new shopping malls either completed, or under construction.”

Rusin explained that  this has resulted in massive over supply with little to no chance of all the projects being successful, in his view only the best located and developed will survive. While apprehensive of the opportunities in Francistown and Selibi Phikwe, he is cautiously optimistic about recently tendered Botswana Railways mixed use scheme in the former.

API Events’s Rusin has cited that unlike its resource-heavy regional counterparts, Botswana’s upper Investment grade credit rating which is still best in Africa, and its political stability has enabled it to attract investment especially in its highly coveted real estate sector. He notes that this country must be among the best rated as one of the world’s most improved performing markets.

The API Events MD further explained that despite the sombre sentiment surrounding the industry over the last few years, the housing market has remained solid, and overall the real estate market has remained extremely resilient. Rusin noted that they feel there is an exceptional amount of value to be extracted and created across the market both here and in neighbouring markets, “as Prime Time has accomplished in Zambia."

In conclusion he stated that to drive investment and set the agenda for its stakeholders, the BotsReal Forum's strategic agenda is designed to unpack the local market with presentations by local and regional experts including but not limited to Sandy Kelly, MD of Prime Time Property Holdings Limited and Sethebe Manake CEO of Vantage Holdings.



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