In recent years, Cameroon has been facing a serious housing crisis.
The population has significantly increased, especially in the large cities. There is a severe shortage of housing.
According to sources from the Ministry of Housing, statistics reveal a deficit of more than one million (1,000,000) homes in the cities of Yaoundé and Douala.
There aren’t enough real estate companies or developers. Those that exist often lack funding, yet it is a profitable and secure sector.
Anyone can invest in real estate in Cameroon. The conditions are not that difficult, and there are no administrative hassles, as some people claim. It is enough to be surrounded and advised by serious people who know the laws and regulations of the country, as well as the types of villas or apartments the population is looking for. The doors are not closed to foreigners who also wish to invest in real estate in Cameroon, and we encourage them.
Many people have relied on their family for the realization of their real estate project. They have experienced unfortunate and painful situations. They were disappointed and discouraged. We advise you not to get discouraged, and to approach serious real estate experts with whom you will sign contracts to carry out your project, even if you have family in the country.
The family can play a supervisory role if you wish. You can also choose to carry out your project discreetly, away from the family’s gaze.
We can assist you in carrying out your real estate projects.
Our partners can intervene at any stage, from a completely undeveloped plot to an advanced project requiring assistance for further development. You will thus benefit from assistance and advice provided by specialists who will stand by you throughout the appreciation of your property.
We strongly advise against dealing with so-called contractors or builders who are not qualified for your real estate projects.
We see masons claiming they can build a property, yet their work always shows their limitations. There are usually many failures, construction standards that are not respected, buildings that collapse, and excessive waste of materials leading to high construction costs.
There are qualified contractors, architects, and engineers in the country. They are here to assist you in the realization of your real estate projects. It would be a serious mistake to avoid them and deal with people who have never been trained. If you’re looking for an architect or engineer, we know some who are available.
As an example, with two hundred fifty thousand (250,000) euros, equivalent to One Hundred Fifty Million (150,000,000) CFA francs, excluding land costs, you can build a six (06) apartment building, each with three (03) bedrooms, two (02) bathrooms, one (01) living room, one (01) kitchen, one (01) laundry room, one (01) storage room, of 120m², which will generate at least One Million Two Hundred Thousand (1,200,000) CFA francs per month. After twelve (12) or fifteen (15) years at most, you will have recovered almost all of your investment costs, taking into account taxes and other expenses. The choice of the neighborhood is very important, as the value of an apartment depends first on the neighborhood, accessibility, space, and standard.
You also have the option to build apartments at an average cost, with rent accessible to the middle class.
For more information, please write to us or call us.
