For investors looking to tap into Africa's growing real estate market, a new report by Numbeo has identified the top 5 countries for rental property investments in 2024. The report, which focuses on major economic hubs across the continent, ranks countries by their gross rental yield, a key indicator of a profitable real estate venture.

South Africa takes the top spot, with a gross rental yield of 10.3% in city centers and 10.2% outside of city centers. Cameroon, Kenya, Egypt, and Ethiopia follow, with yields ranging from 6.0% to 10.5%. These countries offer attractive destinations for property investors, with higher yields implying a better return on investment (ROI) from rental income.

The report highlights the importance of gross rental yield in evaluating the profitability of rental properties, particularly in Africa where real estate markets vary significantly. By considering this metric, investors can navigate each country's unique economic conditions and make informed decisions about their investments. As the African real estate market continues to grow, these countries are poised to offer lucrative opportunities for startups and investors alike.