Real Estate - Cameroon

Cameroon

The Real Estate market market in Cameroon is expected to reach a projected value of US$307.90bn in 2024.
The residential sector is the dominant market segment, with a projected market volume of US$276.80bn in the same year.
It is anticipated that the market will experience an annual growth rate (CAGR 2024-2029) of 4.80%, leading to a market volume of US$389.30bn by 2029.
When compared to other countries globally, United States is expected to generate the highest value in the Real Estate market sector, amounting to US$132.0tn in 2024.
The real estate market in Cameroon is experiencing a surge in demand for residential properties due to increasing urbanization and population growth.

Key regions: United States, China, Japan, Germany, United Kingdom

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Analyst Opinion

The Real Estate market in Cameroon is experiencing significant development and growth.

Customer preferences: Cameroonian customers are increasingly interested in investing in the Real Estate market. They are looking for properties that offer both residential and commercial opportunities. The demand for affordable housing is also on the rise, as more people are looking to buy their own homes. Additionally, there is a growing interest in sustainable and eco-friendly buildings.

Trends in the market: One of the major trends in the Real Estate market in Cameroon is the construction of new residential and commercial buildings. Developers are focusing on creating modern and high-quality properties that meet the needs and preferences of the customers. There is also a growing trend of mixed-use developments, where residential and commercial spaces are combined in the same building or complex. This allows for a more convenient and efficient use of space.

Local special circumstances: Cameroon's Real Estate market is influenced by several local special circumstances. One of the key factors is the country's rapid urbanization. As more people move to cities in search of better opportunities, the demand for housing and commercial spaces increases. This has led to the development of new neighborhoods and the expansion of existing ones. Additionally, the government's efforts to improve infrastructure and attract foreign investment have also contributed to the growth of the Real Estate market.

Underlying macroeconomic factors: The development of the Real Estate market in Cameroon is supported by several underlying macroeconomic factors. The country has experienced stable economic growth in recent years, which has increased the purchasing power of the population. This, in turn, has led to an increase in demand for Real Estate properties. Additionally, the government has implemented policies to promote the Real Estate sector, such as tax incentives for developers and easier access to financing. These factors have created a favorable environment for investment in the Real Estate market. In conclusion, the Real Estate market in Cameroon is experiencing significant development and growth. Customer preferences for both residential and commercial properties, as well as affordable housing, are driving the demand. The construction of new buildings and mixed-use developments is a major trend in the market. Local special circumstances, such as rapid urbanization and government efforts to improve infrastructure, are contributing to the growth. Underlying macroeconomic factors, including stable economic growth and government policies, are also supporting the development of the Real Estate market in Cameroon.

Methodology

Data coverage:

Figures are based on value of residential and commercial real estate, average real estate value, residential estate transactions and leases.

Modeling approach / Market size:

Market sizes are determined by a combined Top-Down and Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use data from international organizations and industry associations. Next we use relevant key market indicators and data from country-specific associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.