Residential Real Estate - Cameroon

Cameroon

in Cameroon, a country Africa, is experiencing significant growth in its Residential Real Estate market market.
According to projections, the market's value is set to reach US$291.30bn in 2025.
This is expected to be followed by an annual growth rate of 4.99% from 2025 to 2029, resulting in a market volume of US$354.00bn by the end of that period.
When compared globally, it is worth noting that China will generate the highest value in the Real Estate sector, with an estimated worth of US$115.4tn in 2025.
The residential real estate market in Cameroon is experiencing a surge in demand due to the country's growing urban population and infrastructure development.

Key regions: Europe, Brazil, France, Asia, United States

Market

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Analyst Opinion

The Residential Real Estate market in Cameroon has been experiencing significant growth in recent years, driven by changing customer preferences and favorable macroeconomic factors.

Customer preferences: Cameroonian customers have shown a growing preference for modern and well-designed residential properties. They are increasingly looking for homes that offer a combination of comfort, convenience, and security. This has led to a rise in demand for gated communities, apartments with amenities such as swimming pools and gyms, and houses with modern architectural designs. Additionally, customers are also seeking properties that are located in close proximity to essential services such as schools, hospitals, and shopping centers.

Trends in the market: One of the key trends in the Residential Real Estate market in Cameroon is the increasing urbanization and population growth. As more people move to urban areas in search of better job opportunities and improved living standards, the demand for housing has been steadily increasing. This trend is particularly evident in major cities like Yaoundé and Douala, where the demand for residential properties has been outpacing supply. Another trend in the market is the growing interest in real estate investment. Many individuals and businesses are recognizing the potential for high returns in the Cameroonian property market and are investing in residential properties as a means of diversifying their investment portfolios. This has led to an increase in the number of real estate development projects, particularly in urban areas.

Local special circumstances: The Residential Real Estate market in Cameroon is also influenced by local special circumstances. One of these circumstances is the high rate of urbanization, which has resulted in a shortage of affordable housing options. This has created opportunities for developers to cater to the growing demand for affordable housing, particularly among the middle-income population. Additionally, the political stability in Cameroon has also contributed to the growth of the Residential Real Estate market. The country has enjoyed relative political stability compared to some of its neighbors, which has attracted foreign investors and boosted confidence in the real estate sector.

Underlying macroeconomic factors: Several macroeconomic factors have been driving the growth of the Residential Real Estate market in Cameroon. One of these factors is the steady economic growth experienced by the country in recent years. This has resulted in an increase in disposable income and improved affordability for many individuals, making it easier for them to purchase residential properties. Furthermore, the government of Cameroon has implemented policies and initiatives to promote the real estate sector, including the creation of a mortgage financing system and the establishment of a real estate investment trust (REIT) framework. These measures have helped to stimulate investment in the Residential Real Estate market and have made it easier for individuals to access financing for property purchases. In conclusion, the Residential Real Estate market in Cameroon is experiencing significant growth due to changing customer preferences, favorable macroeconomic factors, and local special circumstances. The increasing urbanization, growing interest in real estate investment, and shortage of affordable housing options are driving the demand for residential properties. Additionally, the political stability and supportive government policies have further contributed to the growth of the market. With these trends and circumstances in place, the Residential Real Estate market in Cameroon is expected to continue its positive trajectory in the coming years.

Methodology

Data coverage:

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

Modeling approach:

Market size is determined by a combined top-down and bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, 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:

Data is modeled using current exchange rates. 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.