In the bustling and colourful city of Accra, there is much to offer expatriates including a variety of recreation, shopping, and culinary exploration. While Accra has kept up with some Western customs, it lacks an abundance of Western clothing options.
In May 2020, I conducted a remote housing survey of Stockholm. I read extensively about Sweden’s herd-immunity approach to COVID-19 and how the government is not enforcing business closures.
AIRINC recently conducted rental market updates across Europe and Asia and, in many places, life was getting back to normal.
Due to COVID-19, many markets that have recently been driven by short-term lettings ala Airbnb have had to reverse course. The short-term rental markets in Prague, Dublin, Madrid, Barcelona, Reykjavik, and many others have transitioned back to long-term rentals as a result of closed borders and a drastic reduction in demand.
The impact of COVID-19 on the Beijing and Guangzhou rental markets is somewhat similar. When new international assignees were restricted from entering the cities, the demand for expatriate-quality housing dropped and rents became more negotiable, like many other large business hubs across Asia.
Over the last two years as an AIRINC Research Analyst, I’ve gotten accustomed to the multifaceted approach we take for our quarterly data collection. New assignments are allocated every three months and we fall into a familiar rhythm.
Over six months after the first COVID-19 case was reported, countries across the world are still adjusting to the new “normal.” After conducting almost thirty real estate interviews across nine Asian cities, the difference in city positioning, restrictions, capacity, and others’ perception of each city is stark, and the executive segments of these markets are responding differently.
I arrived early in the morning at Kinshasa’s N'djili International Airport this past January 29th on a connecting flight from Addis Ababa. Upon arrival, I expected the same chaos that I experienced during my previous surveys in 2003 and 2008, but I was pleasantly surprised.
On my most recent trip, I surveyed Dar es Salaam, the commercial capital and most populous city in Tanzania. While conducting my survey, I observed that several areas have developed in order to cater to expatriate needs. While overall availability of goods and services is consistent, certain categories are lacking and require purchases to be made on home leave or through travel to nearby international cities, like Nairobi.