把握机遇：理解全球逆风并最大化东非的回报.pdf

1、East Africa Property Investment Summit Positioning for OpportunityQ2 2025East Africas real estate market:Rapid urbanization meets a rising middle class,offering savvy investors high growth potential in one of the worlds fastest-developing regions.However,growth is not the only factor for efficient i

2、nvestment.2|2025 Jones Lang LaSalle IP,Inc.All rights reserved.For Internal use&use with Clients only3|2025 Jones Lang LaSalle IP,Inc.All rights reserved.Global real estate sentiment surveyOver the next six months,do you think market conditions will:Source:JLL,October 2022354151372111585162842493032

3、314021231919285141223435432437322425242328292928303232292314192729444570546359473428423940324945485349%of respondentsImproveWorsenStay the sameFeb May Aug NovNov2019Feb May Aug NovFeb May Aug NovFeb May Aug NovFeb May Aug Nov20202021202220232024Feb2025Focus is shifting to income growth over a longer

4、 period without the benefit of cheap leverage.Source:JLL Research,Global ODCE Fund Index data as of Q2 2024;*other pertains to special purpose facilities.34%30%37%29%17%16%18%34%38%11%15%7%0%20%40%60%80%100%AmericasEuropeAsiaOther*HotelsRetailOfficeLiving/multi-housingIndustrial&logisticsSupply shor

5、tages will inhibit capital from getting to in-demand sectorsThis will lead to creativity in how capital is allocated to these sectorsWe will not see any material change in sector capital allocations90951001051101158090100110120130201920202021202220232024Bid frequency index(LHS)Bid-ask spreadindex(RH

6、S)Core fund allocations by sector(2024)Liquidity is returning to the marketNew liquidity cycleGrowing number of bidders have re-entered the marketBid-ask spreads have narrowed,though they remain widerCapital|New liquidity cycle could better suit African CRE4|2025 Jones Lang LaSalle IP,Inc.All rights