Housing markets in focus: MENA and sub-Saharan Africa
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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