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. Featured speakers: Ralf Wiegert, director for MENA Economics at S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/wiegert-ralf.html Jamil Naayem, principal MENA Economist at S&P Global Market Intelligence https://www.spglobal.com/en/enterprise/experts/naayem-jamil.html Ronel Oberholzer, head of Sub-Saharan Africa Economics at S&P Global Market Intelligence