As property prices in more established locations have continued to rise in recent years, British buyers have began to look elsewhere for their property investment needs, and while Eastern Europe has become particularly popular with buyers, many have also cottoned onto the appeal of African property, especially in the north of the continent.

In recent years, countries such as Egypt, Morocco and Cape Verde have all become increasingly popular African property markets for Brits to invest in, with each of these destinations already popular with tourists, accessible from the UK and, most importantly, home to cheap property.

To give you some idea of just how affordable African property is at the present time, the Palma Beach development in Egypt - which features apartments ranging in size from between one to three bedrooms and is located close to the popular towns of Hurghada and El Gouna, and, of course, the beach - has properties starting from £25,000 through Egypt Revealed.

While not all African property is quite as affordable as this, in the tropical climes of Cape Verde a two-bedroom villa of around 110 square metres in the Salinas Village development on the up-and-coming island of Maio is available from Cape Verde Property for £98,300.
In Morocco, which is home to arguably the most developed African property market, a beachfront two-bedroom apartment is available from around £65,000, while, according to Casa Blanca Real Estate, apart-hotel units are still available for less than £25,000.

Not that these are the only African property destinations which may attract attention over the coming years. Senegal, located on Africa's west coast and the nearest mainland destination to Cape Verde, may soon benefit from interest being paid to the country by a Dubai-based property development company, which is planning to develop a 250-square-kilometre resort which would become the administrative capital of Senegal. This city resort would also house up to 1.5 million residents, and many of the properties would be marketed to overseas buyers.

Ghana is another country in the continent which could become an unlikely popular African property market. Benefiting from a tropical location and, like Senegal, a fairly stable government - in African terms at least - it is expected that Ghana's still undeveloped and attractive coast could be primed for development in the near future, while the country's capital, Accra, is already receiving some interest. 
With all this in mind, it is likely that African property will only become more popular over the coming months and years, and it should come as no surprise if the property markets of plenty of other countries in this continent are well worth looking at sometime in the future.

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Related articles about African property:
Time to invest in Egypt property
Property investment opportunities in Africa
Senegalese property market set to emerge?

Article first published 9th July 2007