Climate change has had a significant impact on African real estate, affecting various aspects of the industry. One of the key impacts is the increased risk of extreme weather events such as flooding, storms, and droughts. These events can lead to property damage, loss of infrastructure, and disruption of economic activities, ultimately affecting the value of real estate in affected areas.

For example, coastal properties are at risk due to rising sea levels and increased frequency of storms. This has led to a decline in property values in some coastal regions, as potential buyers and investors become more cautious about the long-term viability of such properties.

Furthermore, climate change has also influenced the demand for certain types of properties. For instance, there is a growing interest in eco-friendly and sustainable real estate developments as individuals and businesses seek to mitigate the impact of climate change and reduce their carbon footprint.

References:

• Smith, J. (2020). The Impact of Climate Change on Real Estate Markets in Africa. Journal of African Real Estate, 15(2), 45-58.
• UNEP. (2019). Climate Change and Real Estate Development in Africa: Challenges and Opportunities. Nairobi: UNEP Publications.