Market Insights Financial Real Estate Residential Real Estate

Residential Real Estate Transactions - Angola

Angola

In Angola, the transaction value of the Residential Real Estate Transactions market market is estimated to reach US$2.93bn in 2024.
It is anticipated that the transaction value will exhibit an annual growth rate (CAGR 2024-2029) of 4.15%, leading to a market volume of US$3.59bn by 2029.
Angola's residential real estate market is experiencing a surge in demand due to increased foreign investment and a growing middle class.

Key regions: Germany, Europe, Asia, United States, United Kingdom

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Analyst Opinion

The Residential Real Estate Transactions market in Angola has been experiencing significant growth in recent years.

Customer preferences: One of the key customer preferences driving the growth in the Residential Real Estate Transactions market in Angola is the increasing demand for modern and well-designed properties. Customers are looking for homes that offer comfort, convenience, and modern amenities. This preference is driven by a desire for a higher standard of living and the influence of global trends in real estate. Additionally, customers are also seeking properties that are located in safe and secure neighborhoods, with access to essential services such as schools, healthcare facilities, and shopping centers.

Trends in the market: One of the prominent trends in the Residential Real Estate Transactions market in Angola is the rise in the construction of high-rise residential buildings. This trend is fueled by the limited availability of land in urban areas and the need to accommodate a growing population. High-rise buildings not only maximize land utilization but also offer a wide range of amenities such as swimming pools, gyms, and playgrounds, which attract potential buyers. Another trend in the market is the increasing popularity of gated communities, which provide an added layer of security and exclusivity.

Local special circumstances: Angola has experienced rapid urbanization in recent years, with a significant influx of people moving from rural areas to cities. This has created a demand for housing, leading to increased residential real estate transactions. Additionally, the government has implemented policies to promote affordable housing, which has further stimulated the market. Moreover, Angola's rich natural resources and economic growth have attracted foreign investors, leading to increased demand for luxury properties.

Underlying macroeconomic factors: The growth in the Residential Real Estate Transactions market in Angola can be attributed to several underlying macroeconomic factors. Firstly, Angola has experienced economic stability and growth in recent years, driven by its oil and gas industry. This has led to increased disposable income and purchasing power, allowing more individuals to invest in real estate. Secondly, low interest rates and favorable mortgage conditions have made it easier for individuals to access financing for property purchases. Finally, government initiatives to improve infrastructure and urban development have created a conducive environment for the real estate market to thrive. In conclusion, the Residential Real Estate Transactions market in Angola is experiencing significant growth due to customer preferences for modern properties, trends such as high-rise buildings and gated communities, local special circumstances of rapid urbanization and government policies, and underlying macroeconomic factors such as economic stability and favorable financing conditions.

Methodology

Data coverage:

Figures are based on total and average revenue of residential real estate transactions (sales).

Modeling approach:

Market size is determined by a 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 considered at a country-specific level.