Authored by the expert who managed and guided the team behind the Cameroon Property Pack
Everything you need to know before buying real estate is included in our Cameroon Property Pack
Cameroon's real estate market in 2025 offers substantial opportunities with gross rental yields reaching 10.3% in Douala and property prices showing steady 3-7% annual growth in major cities.
The market is driven by urbanization, infrastructure development, and a massive housing deficit of 2.5 million units, creating sustained demand for both residential and commercial properties in key locations like Bonapriso, Bastos, and the emerging coastal city of Kribi.
If you want to go deeper, you can check our pack of documents related to the real estate market in Cameroon, based on reliable facts and data, not opinions or rumors.
Cameroon's property market shows strong fundamentals with high rental yields and steady price appreciation in urban centers.
Foreign investors can purchase property with some restrictions, but face challenges including complex legal processes and infrastructure gaps in secondary markets.
| Investment Factor | Status | Details |
|---|---|---|
| Rental Yields | Excellent | 8-10.3% in Douala, 6.1-8.8% in Yaoundé |
| Price Growth | Steady | 3-7% annually in urban centers |
| Foreign Ownership | Restricted | Freehold possible except border/agricultural areas |
| Financing | Limited | 12-15% interest rates, high down payments |
| Market Liquidity | Moderate | 2-6 months sale time in urban areas |
| Infrastructure | Improving | Major projects boosting select areas |
| Political Stability | Stable | Relatively stable vs regional peers |
Fact-checked and reviewed by our local expert
Cedella Besong 🇨🇲
Co-Founder & CEO, CFB Holding
What is the current state of the Cameroonian real estate market and how has it evolved over the past 5 years?
The Cameroonian real estate market is experiencing moderate but sustained growth as of September 2025, particularly in urban centers like Douala and Yaoundé.
Over the past five years (2020-2025), property prices have increased steadily by 3-7% annually in major cities, driven by urbanization trends and infrastructure development projects. The market has shown resilience despite global economic challenges, with the residential sector projected to expand by approximately 5% annually through 2029.
A critical factor sustaining market growth is Cameroon's massive housing deficit of at least 2.5 million units, which continues to drive demand across all property segments. This shortage is particularly acute in urban areas where rapid population growth outpaces new construction.
The market has also benefited from major infrastructure projects including the Kribi Deep Seaport and improved road networks, which have catalyzed property appreciation in connected areas. Foreign direct investment has increased, particularly in commercial and mixed-use developments in business districts.
Despite positive trends, some central districts face oversupply risks due to a surge in new developments, creating localized market imbalances that investors should monitor carefully.
Which areas in Cameroon offer the most profitable property investment opportunities right now?
The most profitable areas for property investment in Cameroon are concentrated in major urban centers and emerging coastal cities with strong infrastructure development.
| City/Area | Key Districts | Investment Appeal |
|---|---|---|
| Douala | Bonapriso, Bonanjo, Bonamoussadi | Highest rental yields (8-10.3%), strong expatriate demand |
| Yaoundé | Bastos, Nkolbisson, Tsinga | Government seat, steady appreciation, new infrastructure |
| Kribi | Port district, coastal areas | Rapid development from deep seaport and tourism growth |
| Limbe | Central districts | Industrial expansion and port development |
| Bamenda | Commercial center | Regional hub with growing commercial demand |
Douala remains the top choice for investors seeking immediate returns, with Bonapriso and Bonanjo offering the highest rental yields due to strong demand from professionals and expatriates. These areas benefit from proximity to the international airport and business districts.
Kribi represents the most promising emerging market, driven by the new deep seaport project and expanding tourism sector. Property values in coastal areas are appreciating rapidly as infrastructure development accelerates.
It's something we develop in our Cameroon property pack.
What are the average property prices across different regions in Cameroon and how have they been trending?
Property prices in Cameroon vary significantly between urban centers and peripheral areas, with the highest values concentrated in Douala and Yaoundé city centers.
As of September 2025, city center apartments in Douala and Yaoundé average $1,851 per square meter (1,100,000 XAF/m²), while properties outside city centers cost approximately $694 per square meter (412,000 XAF/m²). A typical 80-square-meter apartment in a city center costs around $148,000 (88 million XAF).
Price trends over the past five years show consistent appreciation, particularly in premium districts benefiting from new infrastructure projects. Coastal areas like Kribi have experienced the strongest price growth, with some neighborhoods seeing 8-12% annual increases due to port development and tourism expansion.
Secondary cities including Bamenda, Garoua, and Maroua offer more affordable entry points, with average prices 40-60% lower than major urban centers. However, these markets also show slower appreciation rates and limited liquidity for resale.
The trend toward higher prices is expected to continue through 2026, driven by persistent housing shortages and continued urban migration, though growth rates may moderate as new supply comes online.
What rental yields can investors expect in major Cameroonian cities like Douala and Yaoundé?
Rental yields in Cameroon's major cities are among the most attractive in Central Africa, particularly for well-located properties in business districts.
Douala offers the highest gross rental yields, ranging from 8% to 10.3% for city center apartments, supported by strong demand from the expatriate community and local professionals. The port city's status as Cameroon's economic capital ensures consistent rental demand across all property segments.
Yaoundé, as the political capital, provides more stable but slightly lower yields of 6.1% to 8.8% on average for well-located residential properties. Government employees and international organizations create steady rental demand, particularly in upscale neighborhoods like Bastos.
Premium properties in both cities command higher yields due to limited supply of modern, well-maintained units. Properties with amenities such as backup generators, security systems, and parking can achieve yields at the upper end of these ranges.
Rental yields in secondary cities like Bamenda and Garoua typically range from 5% to 7%, lower than major centers but still competitive regionally. The key factor for maximizing yields is property location relative to business districts and transportation hubs.
Don't lose money on your property in Cameroon
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
How stable is Cameroon's political and economic environment for foreign property investors?
Cameroon maintains relative political stability compared to many Central African peers, creating a generally favorable environment for foreign property investment.
The country has experienced consistent governance under long-term leadership, providing predictable policy frameworks for real estate investment. Economic indicators show steady GDP growth of 3-4% annually, supported by diversified sectors including oil, agriculture, and services.
However, investors should be aware of periodic regional tensions, particularly in the Anglophone regions, which can create localized instability. These issues primarily affect the Northwest and Southwest regions rather than major investment hubs like Douala and Yaoundé.
The government has demonstrated commitment to foreign investment through various incentive programs and infrastructure development projects. The establishment of the Cameroon Investment Development Corporation (CIDC) provides additional support for international investors.
Currency stability represents another positive factor, with the Central African CFA franc backed by France, providing exchange rate predictability for foreign investors. This arrangement offers more stability than many other African currencies.
What is the process for foreigners to buy property in Cameroon and what restrictions apply?
Foreigners can acquire property in Cameroon but face certain restrictions and must navigate a complex legal process requiring careful due diligence.
- Permitted ownership types: Foreigners can purchase freehold properties except in border areas, agricultural land, and areas under customary tenure
- Ministerial approval: Direct land purchases typically require endorsement from relevant ministries, adding time and complexity to transactions
- Legal representation: Mandatory use of local notaries and legal counsel is essential for navigating the registration process
- Due diligence period: Comprehensive title verification takes 4-8 weeks due to potential documentation issues
- Transaction timeline: Complete purchase process typically requires 2-6 months from initial agreement to final registration
Transaction costs are substantial, ranging from 8-15% of the property value, including notary fees, registration charges, and legal costs. Most foreign buyers opt for purchasing existing buildings rather than direct land acquisition to simplify the process.
Leasehold arrangements and partnership structures with Cameroonian nationals offer alternative pathways for property acquisition, particularly for larger commercial projects.
It's something we develop in our Cameroon property pack.
How does infrastructure development in Cameroon affect property values?
Infrastructure development is the primary driver of property value appreciation in Cameroon, with major projects creating significant investment opportunities in connected areas.
The Kribi Deep Seaport project has transformed the coastal region into a high-growth investment zone, with property values in surrounding areas increasing 8-12% annually since construction began. The port's completion in 2024 has accelerated this trend as commercial activity expands.
Road infrastructure improvements, particularly the Yaoundé-Douala highway upgrades, have enhanced connectivity between major cities and boosted property values along transport corridors. Properties within 10 kilometers of improved road networks typically see 15-25% value premiums.
Urban infrastructure projects including water treatment facilities, electricity grid expansions, and telecommunications networks directly impact property desirability and pricing. Areas with reliable power and water supply command 20-30% higher values than those without.
However, infrastructure gaps in secondary markets limit property values and investment potential outside major urban centers. Rural areas and smaller cities often lack basic services, constraining market development and liquidity.
How does Cameroon's tax system impact property owners, especially regarding capital gains and property taxes?
Cameroon's property tax system has undergone significant updates in 2025, creating new obligations for property owners while maintaining relatively moderate overall tax burdens.
| Tax Type | Rate | Application |
|---|---|---|
| Property Tax | 0.1%-1% | On taxable value (25% of market value) |
| Capital Gains Tax | 10% (individuals) | On property sale profits |
| Capital Gains Tax | 5% (companies) | Corporate property sales |
| Registration Fees | Up to 15% | Built-up urban properties |
| Transfer Tax | 2-3% | Property transactions |
Property tax rates vary by region and property type, with urban properties generally facing higher assessments than rural areas. The government has been gradually phasing in more comprehensive property tax collection, particularly in major cities.
Capital gains taxation applies immediately to all property sales, with individual investors paying 10% and corporate entities paying 5% on realized gains. No exemptions exist for foreign investors or long-term holdings.
Registration fees represent the largest upfront tax burden, potentially reaching 15% of property value for built-up urban buildings. These fees must be paid during the purchase process and cannot be deferred.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Cameroon versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
What are the main risks of property investment in Cameroon and how can investors protect themselves?
Property investment in Cameroon carries several significant risks that require careful mitigation strategies to protect investor capital.
- Title fraud and documentation issues: Conduct comprehensive due diligence through qualified local legal counsel and verify all property documents with relevant government agencies
- Informal land tenure claims: Avoid properties with disputed ownership or customary land claims by purchasing only fully registered properties with clear titles
- Construction quality concerns: Hire independent structural engineers for property inspections and work only with established developers with proven track records
- Regional instability risks: Focus investments in stable regions like Douala and Yaoundé while avoiding properties in conflict-affected areas
- Market liquidity limitations: Maintain realistic expectations for sale timelines and consider properties in established business districts for better resale prospects
The most effective risk mitigation strategy involves working with experienced local partners including established law firms, reputable real estate agencies, and certified property managers. These professionals provide essential market knowledge and help navigate complex legal requirements.
Currency risk for foreign investors can be managed through diversified investment approaches and understanding CFA franc stability mechanisms. Political risk insurance is available through international providers for larger investments.
It's something we develop in our Cameroon property pack.
How does demand compare between residential and commercial properties in Cameroon?
Both residential and commercial property sectors in Cameroon show strong demand, but residential properties currently offer more accessible investment opportunities for individual investors.
Residential demand is driven primarily by rapid urbanization, with an estimated 2.5 million housing unit shortage creating sustained market pressure. Young professionals, growing middle-class families, and expatriate workers generate consistent demand for modern apartments and houses in urban centers.
Commercial property demand is concentrated in business districts of Douala and emerging industrial zones around Kribi. Office space demand grows approximately 6-8% annually, driven by international companies establishing regional headquarters and expanding local businesses.
Retail properties face mixed demand depending on location, with shopping centers in affluent neighborhoods performing well while traditional commercial areas see slower growth. E-commerce growth is beginning to impact retail space demand in major cities.
Student accommodation represents an underserved niche with significant potential, particularly near universities in Yaoundé and Douala. This segment offers stable rental income but requires specialized management expertise.
How accessible is property financing in Cameroon for foreigners and expatriates?
Property financing options for foreigners in Cameroon are limited and require meeting stringent criteria, with most international buyers relying on cash purchases or alternative financing structures.
Local banks offer mortgages to foreigners but typically require 40-50% down payments and charge interest rates of 12-15% annually. Loan terms rarely exceed 15 years, and approval processes can take 3-6 months with extensive documentation requirements.
Qualifying criteria include proof of stable income, local employment or business registration, and significant collateral beyond the property being purchased. Most banks prefer borrowers with existing relationships and local banking history.
Alternative financing options include developer financing programs, where established developers offer purchase plans with staggered payments over 12-24 months. These arrangements typically carry higher total costs but reduce upfront capital requirements.
Many foreign investors structure purchases through local partnerships or use offshore financing secured against assets in their home countries. Corporate entities may access more favorable lending terms than individual borrowers.
What exit strategies work best for selling property in Cameroon and how long does the process take?
Property sales in Cameroon's major cities typically require 2-6 months to complete, with timing heavily dependent on location, property type, and pricing strategy.
Urban properties in established districts like Douala's Bonapriso or Yaoundé's Bastos offer the best liquidity, often selling within 2-3 months when priced competitively. These areas have active markets with ready buyer pools including expatriates and affluent locals.
Secondary markets and rural properties face longer sale timelines of 6-12 months due to limited buyer pools and financing constraints. Properties in emerging areas like Kribi may take 4-8 months but often achieve higher appreciation during the sale process.
Effective exit strategies include engaging established real estate agencies with proven marketing networks, pricing properties based on recent comparable sales, and ensuring all documentation is current and complete before listing.
The most successful sales involve properties with clear titles, modern amenities, and locations near transportation hubs or business centers. Properties requiring significant repairs or with documentation issues face extended sale periods and price discounts.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Cameroon's real estate market offers compelling opportunities for informed investors willing to navigate its complexities.
High rental yields, steady price appreciation, and significant housing shortages create favorable investment conditions, but success requires careful due diligence and local expertise to mitigate risks and maximize returns.
Sources
- Simtrade - Cameroonian Real Estate Market
- TheAfricanVestor - Cameroon Price Forecasts
- TheAfricanVestor - Cameroon Investment Areas
- 6W Research - Cameroon Real Estate IT Market
- TheAfricanVestor - Cameroon Real Estate Forecasts
- Boyo Real Estate - Best Cities Cameroon
- TheAfricanVestor - Average Property Prices Cameroon
- Global Property Guide - Cameroon Rent Yields