Africa's Property Boom Boom Boom

While many markets across the world are in a recovery stage, many of Africa's markets are booming - especially in regard to real estate. Despite the turmoil and unrest in some African nations, others have been experiencing economic growth and a growing middle class.

Today, I read something in regard to Kenya's real estate markets and how quickly their middle class is able to upgrade their housing.

I found one example from Al Jazeera, which describes Egypt's housing boom (which has been going on for a few years now). The video is below.

BBC News is having an online discussion today about the housing markets in not only Egypt and Kenya, but also South Africa and Sudan. The NPR also talked about Angola's housing boom. Angola, even though it ranks in the bottom 10% of economies, it is one of the fastest growing in the world, with a slowly developing middle class.

If you have the money, I guess you should buy a home some in Africa (maybe even a vacation home) while the prices are low and properties are easy to obtain.