Political stability plays a crucial role in influencing real estate investment in Africa. Countries with stable political environments are more attractive to real estate investors due to reduced risks and a conducive business climate. On the other hand, political instability can lead to uncertainty, hinder economic growth, and deter foreign investment in the real estate sector.

For example, Ghana has experienced significant economic growth and a boom in real estate investment following a period of political stability. The peaceful transition of power and consistent governance have contributed to increased investor confidence and a surge in property development projects.

Conversely, the political turmoil in countries like Zimbabwe has resulted in a decline in real estate investment. The uncertainty surrounding property rights and the overall investment climate has deterred both local and foreign investors from engaging in the real estate market.

References:

• "The Impact of Political Stability on Real Estate Investment: Evidence from Ghana" - Journal of African Real Estate Research
• "Political Instability and Real Estate Investment in Africa" - International Journal of Property Sciences