Contact
![Contact Meredith Alda](https://cdn.statcdn.com/contactPerson/3646.jpg)
Mon - Fri, 9am - 6pm (EST)
![Contact Yolanda Mega](https://cdn.statcdn.com/contactPerson/3195.jpg)
Mon - Fri, 9am - 5pm (SGT)
![Contact Kisara Mizuno](https://cdn.statcdn.com/contactPerson/2661.jpg)
Mon - Fri, 10:00am - 6:00pm (JST)
![Contact Lodovica Biagi](https://cdn.statcdn.com/contactPerson/863.jpg)
Mon - Fri, 9:30am - 5pm (GMT)
![Contact Carolina Dulin](https://cdn.statcdn.com/contactPerson/3012.jpg)
Mon - Fri, 9am - 6pm (EST)
Key regions: United States, China, Japan, Germany, United Kingdom
The Real Estate market in Equatorial Guinea has been experiencing significant growth in recent years, driven by a combination of factors including customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Real Estate market in Equatorial Guinea have been shifting towards urban living, as more people are moving from rural areas to cities in search of better employment opportunities and a higher quality of life. This has led to an increased demand for residential properties in urban areas, particularly in the capital city of Malabo. Additionally, there is a growing interest in luxury properties among high-net-worth individuals, both local and foreign, who are looking to invest in the country's real estate market. Trends in the market indicate a rise in property prices, particularly in prime locations such as Malabo and Bata. This can be attributed to limited supply and high demand, as well as the development of infrastructure projects and commercial centers in these areas. As a result, real estate developers are focusing on constructing high-end residential and commercial properties to cater to the growing demand. Local special circumstances in Equatorial Guinea, such as the discovery of oil reserves and subsequent economic growth, have played a significant role in the development of the real estate market. The oil industry has attracted foreign investment and expatriates, leading to an increased demand for housing and commercial spaces. Additionally, the government's efforts to diversify the economy and promote tourism have further stimulated the real estate market, as new hotels, resorts, and leisure facilities are being developed. Underlying macroeconomic factors, such as GDP growth and government policies, have also influenced the Real Estate market in Equatorial Guinea. The country has experienced a period of economic growth, driven by the oil sector, which has contributed to an increase in disposable income and purchasing power. This, in turn, has fueled demand for real estate properties. Furthermore, the government has implemented policies to attract foreign investment and support the real estate sector, including tax incentives and streamlined regulations. In conclusion, the Real Estate market in Equatorial Guinea is developing rapidly due to customer preferences for urban living and luxury properties, market trends of rising property prices and increased construction activity, local special circumstances such as economic growth and government initiatives, and underlying macroeconomic factors including GDP growth and supportive policies. These factors are expected to continue driving the growth of the real estate market in Equatorial Guinea in the coming years.
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.Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)