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Securitized Real Estate Activity Index in Africa

Author

Listed:
  • Omokolade Akinsomi
  • Babatunde Odusami

Abstract

This paper aims to create a securitized real estate activity index for Africa. We collect real estate-related publicly listed stock indexes on all exchanges in Africa. Using the monthly price history of real estate stocks in 12 countries in Africa: Botswana, Egypt, Ivory Coast, Kenya, Malawi, Mauritius, Morocco, South Africa, Tunisia, Zambia, and Zimbabwe. We created an African Real Estate Index (market-weighted) and a regional African real estate index covering the East, North, South, and Western parts of Africa. Our findings reveal that 12 out of 54 countries have an active real estate public market, and a significant degree of real estate activity does not occur via the securitized markets in Africa, impacting liquidity constraints. This paper is essential for institutional investors interested in investing in real estate markets in Africa and financial regulatory agencies interested in expanding and creating a thriving real estate ecosystem in their respective African countries.

Suggested Citation

  • Omokolade Akinsomi & Babatunde Odusami, 2024. "Securitized Real Estate Activity Index in Africa," LARES lares-2024-4dqp, Latin American Real Estate Society (LARES).
    • Handle: RePEc:lre:wpaper:lares-2024-4dqp
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    More about this item

    Keywords

    Africa; Financial Regulatory Agencies; Institutional Investors; Real Estate Index; securitisation;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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