Key regions: United States, China, Japan, Germany, United Kingdom
The real estate market in Gabon has been experiencing significant development and growth in recent years. Customer preferences in the Gabonese real estate market have been shifting towards modern and well-designed properties. Customers are increasingly looking for properties that offer a range of amenities and conveniences, such as gated communities with security services, recreational facilities, and proximity to schools, hospitals, and shopping centers. Additionally, there is a growing demand for environmentally-friendly and energy-efficient properties, reflecting the global trend towards sustainable living. One of the key trends in the Gabonese real estate market is the increasing construction of high-rise buildings and luxury apartments. This trend is driven by a combination of factors, including limited land availability in urban areas and the desire for modern and convenient living spaces. High-rise buildings not only maximize land use but also offer a range of amenities, such as swimming pools, gyms, and rooftop gardens, thus attracting high-end customers. Another trend in the Gabonese real estate market is the growing interest in commercial properties, particularly office spaces and retail outlets. With the country's economic growth and increasing foreign investment, there is a rising demand for commercial spaces to accommodate businesses and cater to the needs of the growing population. This trend is also driven by the government's efforts to attract foreign investors and promote economic diversification. Local special circumstances in Gabon, such as its rich natural resources and strategic location, have contributed to the development of the real estate market. The country's oil and mineral wealth have attracted foreign companies and expatriates, creating a demand for high-quality residential and commercial properties. Additionally, Gabon's location on the west coast of Central Africa makes it an attractive destination for trade and investment, further driving the demand for real estate. Underlying macroeconomic factors, such as population growth, urbanization, and economic stability, have also played a role in the development of the Gabonese real estate market. The country's population is growing rapidly, leading to increased demand for housing and commercial spaces. Urbanization is also on the rise, with more people moving to cities in search of better job opportunities and a higher standard of living. Furthermore, Gabon's stable economy and government policies that promote investment have created a favorable environment for real estate development. In conclusion, the real estate market in Gabon is experiencing significant development and growth, driven by changing customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for modern and well-designed properties, the construction of high-rise buildings, the interest in commercial properties, and the country's rich natural resources and strategic location are all contributing to the growth of the market. With the continued economic growth and urbanization, the Gabonese real estate market is expected to further expand 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)
