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ARTICLES & REPORTS Jun 29, 2023 26:40 MINS

Housing markets in focus: MENA and sub-Saharan Africa

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Ralf Wiegert

MENA economics team lead, Economics & Country Risk, S&P Global Market Intelligence

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Jamil Naayem

Associate Director, Global Intelligence & Analytics, S&P Global Market Intelligence

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Ronel Oberholzer

Head of sub-Saharan economics

House prices experienced sharp increases in most developed economies during the last decade as record-low interest rates supported demand for property. The tightening of global monetary conditions over the past year has driven a softening of house prices, which in some key markets are expected to decline in 2023 and 2024. The degree of impact, of course, varies by market.

In this episode — the second of three in our series on housing markets around the globe — we explore select markets in the Middle East, North Africa, and sub-Saharan Africa regions.


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  • Economic forecasts and analysis
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