Buying real estate in Cameroon?

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14 strong forecasts for real estate in Cameroon in 2025

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Authored by the expert who managed and guided the team behind the Cameroon Property Pack

buying property foreigner Cameroon

Everything you need to know before buying real estate is included in our Cameroon Property Pack

What will happen in Cameroon’s real estate market? Will prices go up or down? Is Douala still a hotspot for foreign investors? How is Cameroon’s government impacting real estate policies and taxes in 2025?

We’re constantly asked these questions because we’re deeply involved in this market. Through our work with notaries, real estate agents, and clients who buy properties in Cameroon, we’ve gained firsthand insights.

That’s why we created this article: to provide clear answers, insightful analysis, and a well-rounded perspective on market predictions and forecasts.

Our goal is simple: to ensure you feel informed and confident about the market without needing to look elsewhere. If you think we missed the mark or could do better, we’d love to hear your thoughts. Feel free to message us with your feedback or comments, and we’ll work hard to improve this content for you.

How this content was created 🔎📝

At The Africanvestor, we dedicate a lot of time to studying the Cameroonian real estate market, analyzing trends and dynamics on a daily basis. We are not just researchers; we actively collaborate with local realtors, experienced investors (who have purchased our Property Pack), and property managers in cities like Douala, Yaoundé, and Bafoussam. This hands-on approach provides us with a genuine understanding of the market.

When working on this content, we started by gathering insights from these conversations and our own observations. But we didn’t stop there. To make sure our predictions are reliable, we also dug into trusted sources like World Bank, IMF eLibrary, and CAFI (among many others).

We are committed to accuracy and authority. Any forecast lacking strong backing from reliable data or expert opinions was set aside. For the forecasts that pass our initial screening (meaning, we consider there is enough solid data to consider them credible), we take things a step further by incorporating insights from trusted real estate blogs, industry publications, and expert analyses. This additional information helps us gain a clearer perspective without compromising reliability. Naturally, we also draw on our own experience and knowledge.

Trustworthiness is key to us. Clear citations are provided throughout this article, allowing you to see exactly where our information comes from. To ensure our explanations are easy to read and engaging, we used an AI-powered writing tool—but only for this specific purpose.

To make the data even more accessible, our design team created custom infographics that highlight key trends and comparisons. We hope you find them helpful.

Finally, every illustration, screenshot, and other non-text media was produced in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) Cameroon’s property prices will keep rising due to urbanization and population growth

Cameroon is experiencing a notable surge in urbanization.

With more people moving to cities, the urban population growth rate hit 3.6285% in 2023, and this trend is expected to continue. This shift is creating a higher demand for housing, as more people seek homes in urban areas.

Over the past five years, Cameroon’s population has grown by 16%, pushing more individuals into cities and further increasing the need for residential properties. This influx is a key driver of the rising demand for housing in urban centers.

The government is actively working on urban development plans to support this growth. These initiatives aim to enhance urban planning and management, making cities more appealing and potentially boosting property values.

As cities become more attractive, the demand for residential properties is likely to rise, driven by both population growth and improved urban infrastructure. This trend suggests that property prices will continue to climb as urbanization progresses.

Sources: Trading Economics, Expertise France, Trading Economics

2) Cameroon's rental yields will remain stable due to balanced demand and supply dynamics

Cameroon's rental market is set to maintain stable yields thanks to a balanced demand and supply dynamic.

In bustling cities like Douala and Yaoundé, there's a high demand for rental properties driven by urbanization and economic growth. A typical three-bedroom house rents for about XAF 125,000 (US$225) monthly, offering a steady income stream for property owners.

Rental prices have been consistent over the years, with a projected increase of 3% to 7% by 2025. This stability is bolstered by government efforts to enhance the housing sector through development projects, ensuring a balanced market.

Urbanization is a key factor, with 56% of Cameroon's population living in urban areas, and this is expected to rise to 70% by 2050. This trend fuels the demand for rentals, making it a promising market for investors.

Foreign investors are increasingly eyeing Cameroon's real estate, drawn by its growth potential and strategic location in Central Africa. This influx of investment supports property price increases and helps stabilize rental yields.

Sources: African Property Magazine, World Bank, Price Forecasts

infographics rental yields citiesCameroon

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.

3) Cameroon's property prices will drop slightly as new housing developments boost supply

Cameroon's housing market is buzzing with new developments.

In 2024, the country is set to add 550 new housing units in Douala and Yaoundé, with 175 already under construction. This is part of a long-term plan to build 10,000 social housing units since 2009. The government is pulling out all the stops to boost real estate by offering perks like exemptions from stamp duty and transfer taxes to lure investors.

These incentives are working, as construction activity is visibly on the rise. Even without the latest numbers on construction permits, it's clear that the building boom is in full swing. In cities like Douala and Yaoundé, there's talk of a potential oversupply due to these new projects.

Historically, demand for housing in these areas has been high, pushing rental prices up. But with the influx of new properties, this could shift. Landlords might find themselves in a more competitive market, possibly leading to a dip in rental yields.

For those considering buying property in Cameroon, this could mean more options and potentially better prices. The market dynamics are changing, and it's an exciting time for both buyers and investors.

Sources: Business in Cameroon, Kima & Partners, African Property Magazine

4) Demand for affordable housing in cities will rise as more people move from rural areas

In Cameroon, urban population growth hit 3.6285% in 2023, continuing a steady rise.

People are flocking to cities because urban areas offer more job opportunities and better living conditions. This shift is not just a local observation; government reports and the World Bank confirm the trend towards urbanization.

With more people moving to cities, the demand for affordable housing is skyrocketing. News outlets frequently report on housing shortages, underscoring the urgent need for more affordable options.

Real estate market analyses also show a growing interest in affordable housing, driven by the influx of new city dwellers. This trend is reshaping the housing market, as developers scramble to meet the rising demand.

For potential property buyers, this means that investing in urban real estate could be a smart move. The ongoing migration to cities is likely to keep pushing up demand for housing, making it a potentially lucrative opportunity.

Sources: Trading Economics, Macrotrends, Fannie Mae

5) Cameroon's rental prices will rise moderately as the economy improves

Cameroon's economy is on the rise, with growth expected to hit 3.9% in 2024.

This economic boost means people generally have more money to spend, which can lead to increased demand for rental properties. When more people are looking for homes, rental prices often go up. It's a simple case of supply and demand.

Foreign investors are also eyeing Cameroon's real estate market. The government is offering tax breaks to attract these investors, which is bringing more money into the property sector. As new properties are developed, competition for these spaces can drive up rental prices.

Urbanization is another key factor. Cities like Douala and Yaoundé are seeing a surge in population, which means more people are looking for places to live. When demand outpaces supply, rental prices naturally increase, especially in popular areas.

Infrastructure improvements are making certain areas more appealing. With better roads and transport, more people are drawn to these locations, boosting demand for rentals. As these areas become more desirable, rental prices can rise due to increased competition.

Sources: African Property Magazine, Chambers, IMF eLibrary, Cameroon Price Forecasts

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6) Foreign investment in Cameroon's real estate market will increase as political stability gets better

Cameroon is seeing a surge in foreign investment as political stability improves.

With efforts to enhance governance, the country is becoming a more attractive place for investors. This is especially true in urban areas like Douala and Yaoundé, where property prices are climbing due to urbanization and economic growth. Expect these prices to rise by 3% to 7% annually, making real estate a hot ticket.

The government is also stepping up with initiatives to encourage home ownership and real estate investment. These policies are likely to boost demand and support market growth, making it a promising time to consider buying property.

International real estate companies are eyeing Cameroon, drawn by its growth potential and strategic location in Central Africa. The economy is on an upswing, with growth projected at 4.3% in 2024 and 4.5% in 2025, adding to the appeal for investors.

Infrastructure projects are underway, improving roads and transport networks, which enhance connectivity. This makes certain areas more attractive for property investment, contributing to the overall allure of the real estate market.

Local and international real estate firms are teaming up to develop new residential and commercial projects in key urban areas. These partnerships are expected to attract more buyers and investors, further driving up property prices.

Sources: Business in Cameroon, Cameroon Price Forecasts, Cameroon Real Estate Market, Cameroon Buy Property

7) Property prices in Cameroon's coastal areas will rise as more foreign buyers seek vacation homes

Foreign buyers are increasingly eyeing Cameroon's coastal regions for vacation homes, pushing property prices up.

Tourism is booming, with Cameroon expecting to welcome 1.27 million visitors by 2028, up from 1.15 million in 2023. This surge highlights a growing interest in the coastal areas, where the beaches and vibrant culture are major draws for tourists and potential property buyers alike.

The development of the deepwater port at Kribi is a game-changer. It's designed to decongest the Douala port and become a trade hub for Central Africa, which is attracting more tourists and investors. The port's strategic location is making the coastal regions more accessible and appealing for foreign buyers.

The Cameroonian government is also making travel easier with initiatives like the digital visa application process. This move is boosting tourism and positioning Cameroon as a preferred destination, further fueling the demand for vacation homes along the coast.

Foreign investment in Cameroon's real estate is on the rise, driven by the country's growth potential and strategic location. There's a noticeable demand for tech-smart, energy-efficient apartments and larger suburban homes in coastal cities like Douala, which is pushing property prices higher.

Local real estate agents report a spike in foreign inquiries about purchasing properties in these regions. This anecdotal evidence suggests that foreign interest in Cameroon's coastal real estate is not just a trend but a growing reality.

Sources: ReportLinker, Mongabay, Cameroon Price Forecasts

8) Cameroon's property prices will gradually rise due to increased foreign investment

The residential real estate market in Cameroon is seeing a gradual increase in prices, thanks to foreign investment.

Foreign Direct Investment (FDI) is on the rise in Cameroon's real estate sector, as investors are drawn to the country's growth potential and strategic location in Central Africa. This influx of foreign capital is not just about money; it brings in resources and expertise that are crucial for developing new housing projects.

The government is playing its part by rolling out policies that make it easier for foreigners to own property in Cameroon. These favorable policies are stimulating demand and supporting price growth. Infrastructure improvements, like the CFA fr 35 billion investment in transport projects, are making certain areas more attractive for property investment, further driving up prices.

Urban areas like Douala and Yaoundé are seeing a growing expatriate community, which is pushing up the demand for housing. This shift is leading to a preference for modern apartments and gated communities, often developed by foreign companies. The sustained economic growth in Cameroon, with GDP expected to grow by 4.3% in 2024 and 4.5% in 2025, is likely to increase disposable incomes and boost demand for real estate.

Cameroon's real estate market is also benefiting from its strategic location, which makes it a hub for business in Central Africa. This is attracting more foreign investors who are keen to tap into the country's economic potential. The combination of these factors is creating a vibrant real estate market that is poised for growth.

With the government's continued support and the influx of foreign investment, the residential real estate market in Cameroon is set to see a steady rise in property prices. This makes it an attractive option for those looking to invest in the region.

Sources: Source 1, Source 2, Source 3, Source 4

statistics infographics real estate market Cameroon

We have made this infographic to give you a quick and clear snapshot of the property market in Cameroon. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.

9) Residential property prices in Bamenda will fall because of ongoing socio-political tensions

Bamenda is currently grappling with socio-political tensions that are shaking up its real estate market.

These tensions have led to increased emigration as people seek safer environments, which means fewer folks are looking to buy homes. With fewer buyers, property prices are likely to drop because demand is dwindling.

Local media often reports on how these issues are hurting the economy, including real estate. When the economy slows, people are less interested in investing in property, which can push prices down even further.

Looking at other places with similar issues, like South Sudan, we see that property values tend to fall during prolonged instability. This pattern suggests Bamenda might face the same fate.

For those considering buying property, it's crucial to understand that current conditions are not favorable for investment. The ongoing tensions create a risky environment for potential buyers.

In Bamenda, the real estate market is caught in a cycle of uncertainty, with fewer buyers and falling prices as a result of the socio-political climate.

Sources: UN Women Report, African Property Magazine

10) Property prices in Kumba will rise as new agricultural projects boost local prosperity

Kumba is buzzing with change thanks to new agricultural initiatives.

The Cameroonian government is pushing for sustainable agriculture by 2035, aiming to boost the economy and protect the environment. They're working with CAFI to gather $2.5 billion for this mission, with $60 million already in play for the initial phase until 2027. This is a big deal for Kumba, as it means more resources and support for local farmers.

One standout project is the Development Fund for the Cocoa and Coffee Sectors (FODECC), which is all about helping small-scale producers. By providing direct funding, FODECC is enabling these farmers to increase their output and income. Given that Cameroon ranks as the world's 5th largest cocoa producer, this initiative is set to significantly uplift Kumba's local economy.

With more agricultural output, job opportunities are on the rise. This growth in agriculture is expected to create more employment, driving economic progress in the area. As the economy strengthens, with GDP growth rates projected at 4.3% in 2024 and 4.5% in 2025, Kumba is likely to see a surge in demand for housing and commercial properties.

Sources: CAFI, CAFI

11) Rental yields in Douala will rise as demand for rentals exceeds supply

Rental yields in Douala are climbing as demand for rental properties outpaces supply.

Douala is buzzing with activity, thanks to a surge in population driven by people moving from rural areas in search of better jobs. In 2024, the city's population hit over 1.3 million, making it a magnet for those seeking economic opportunities.

But here's the catch: while more people are looking for homes, new housing isn't being built fast enough. High construction costs and strict regulations are slowing down the development of new properties, especially affordable ones, leading to a housing crunch.

Adding to the mix, Douala's economic boom is drawing in expatriates and professionals, which means even more people are hunting for rental properties. Real estate agents and media reports are buzzing about this trend, which is pushing rental yields higher.

With existing rental properties seeing high occupancy rates, landlords are in a strong position to benefit from this demand. The city's appeal as an economic hub is undeniable, and the rental market is feeling the heat.

As Douala continues to grow, the demand for rental properties is only expected to rise, keeping rental yields on an upward trajectory.

Sources: Statista, African Property Magazine, Worldometers

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12) Property prices in Ngaoundéré will rise moderately as it becomes a regional transport hub

Ngaoundéré is on the brink of a property price increase as it transforms into a regional transport hub.

Thanks to major investments in transport infrastructure, like the new dry port, the city is becoming a key player in the Douala-Ndjamena corridor. This project, which kicked off in 2015, is making significant strides, enhancing the region's connectivity and appeal.

The Cameroonian government is pushing hard to develop Ngaoundéré as a transport hub, aiming to boost intra-African trade. This move is expected to increase demand for both residential and commercial properties as improved transport links attract businesses and new residents.

The dry port is set to handle a large volume of cargo, which means more traffic and trade. This activity will not only create jobs but also draw more people to the area, further driving up the need for housing and commercial spaces.

Real estate experts predict a moderate rise in property prices in Cameroon, with potential annual increases ranging from 3% to 7%. This trend is particularly relevant for Ngaoundéré as it becomes more integrated into regional trade networks.

As businesses flock to the area, the local economy is likely to see a boost, making Ngaoundéré an attractive spot for property investment. Increased economic activity will naturally lead to higher property values, making now a strategic time to consider buying.

Sources: CNCC, CNCC

13) Garoua’s home prices will stay stable with little change due to steady economic conditions

Garoua's housing market is set to stay stable with minimal price changes thanks to a few key factors.

Cameroon's economy has been on a steady rise, with a GDP growth averaging around 4% annually from 2015 to 2022. This consistent growth provides a solid base for the housing market's stability. When the economy is strong, people feel more confident about investing in property, which helps keep the market steady.

Job security is another big plus. The unemployment rate in Cameroon is expected to stay low, with forecasts of 3.60% by the end of 2024 and around 4.00% in 2025. A stable job market means more people can afford to buy homes, which supports the housing market's stability. When people have jobs, they can plan for the future, including buying property.

Population growth is also a factor. Cameroon's population is steadily increasing, projected to grow from 28.60 million in 2023 to 29.50 million by 2025. More people mean more demand for housing, which helps keep prices stable. As the population grows, the need for homes rises, ensuring a consistent demand in the market.

Garoua benefits from these national trends, with its local economy reflecting the broader stability seen across Cameroon. The city's residential market is less likely to experience wild price swings, making it a reliable choice for potential buyers. This stability is attractive for those looking to invest in property without the fear of sudden market changes.

Sources: Trading Economics, GlobeNewswire

14) Property values in Bertoua will drop because of slow economic growth and low investment

In Bertoua, property values might drop due to economic challenges.

Cameroon's GDP growth rate has been slowing down, dropping to 3.3% in 2023 from 3.6% the previous year. This slowdown means less money is flowing into the region, which can make property less appealing. When the economy isn't growing, people and businesses tend to hold back on spending and investing, which can lead to a dip in property demand.

Infrastructure is another big issue. Take the Bertoua water project, for instance. It started back in 2017 but has been dragging on because of financial hiccups. Without solid infrastructure, the area becomes less attractive to both investors and new residents. People want to live and work in places where things run smoothly, and delays like this can be a red flag.

Cameroon as a whole is dealing with high inflation and infrastructure problems, which makes it tough for businesses to thrive. In Bertoua, this could mean higher unemployment rates and people feeling less confident about spending money. When people are worried about their jobs and the economy, they're less likely to buy property, which can push values down.

For those considering buying property in Bertoua, it's crucial to weigh these factors. The economic climate and infrastructure issues are significant and could impact your investment. While the region has potential, these challenges might mean waiting longer for returns on property investments.

Understanding the local context is key. Bertoua's situation isn't unique, but the combination of economic slowdown and infrastructure delays makes it a place to watch closely. If you're thinking about investing, keep an eye on how these factors evolve over time.

Sources: Afrik21, World Bank

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.