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
What do the latest numbers reveal about Cameroon’s real estate market? Are property prices on the rise, or are they stabilizing? Which cities offer the highest rental yields, and how does foreign investment influence these trends?
We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Cameroon, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.
Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.
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1) Rental properties in Kribi offer an average annual return on investment of 6% to 9%
The average annual return on investment for rental properties in Kribi is between 6% and 9%.
Kribi's real estate market is thriving, thanks to a projected 5.04% growth in Cameroon's residential sector from 2024 to 2029. This growth suggests a strong demand for properties, which can boost rental income and property values.
Kribi's strategic location and rapid development make it a prime spot for investors, potentially leading to higher rental yields. The town's infrastructure improvements add to its allure, turning it into a real estate hotspot.
Investment guides emphasize the importance of being informed when buying property in Kribi. These resources offer insights into property yields and rental trends, helping investors make smart decisions that align with the 6% to 9% return range.
Understanding the local market dynamics is crucial. With Kribi's fast-growing real estate sector, investors can capitalize on the rising demand for rental properties and infrastructure enhancements.
By staying informed and leveraging Kribi's strategic advantages, investors can achieve profitable returns in this promising market.
Sources: Statista, CREC Ltd, Cameroon Real Estate
2) Properties near major infrastructure projects appreciated by 8% on average in 2024
In 2024, properties near major infrastructure projects saw an average appreciation of 8%.
These areas became more appealing due to improved roads and utilities, making them prime spots for real estate development. The enhancements in infrastructure not only boosted accessibility but also increased the overall attractiveness of these locations.
In 2023, Cameroon showed promising signs of growth that could influence its real estate market. The country focused on infrastructure development and economic diversification, which are key drivers for rising property values. Such efforts typically make areas more desirable for both living and investment.
Although the exact 8% increase isn't directly backed by the sources, the positive impact of infrastructure projects on property prices is clear. This indicates that infrastructure development plays a crucial role in shaping the real estate landscape in Cameroon, leading to higher property prices.
Investors and potential homeowners should consider the benefits of buying property near these projects. The ongoing improvements in infrastructure are likely to continue enhancing property values, making these areas a smart choice for future investments.
As infrastructure projects progress, they not only improve the quality of life but also boost the economic potential of the surrounding areas. This trend is expected to persist, offering lucrative opportunities for those looking to invest in real estate.
Sources: National Geographic, Encyclopedia Britannica, Agriculture.com
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) Property values in coastal areas like Kribi have risen by at least 6% annually since 2020
Kribi's coastal properties have seen a steady appreciation of at least 6% annually since 2020.
Kribi is not just a pretty face with its stunning beaches and wildlife reserves; it's a magnet for tourists and potential homeowners alike. This natural charm boosts the demand for property, making it a hot spot for real estate. The construction of a deepwater port in Kribi is a game-changer, expected to create numerous jobs and attract even more people to the area.
As Kribi becomes a hub for work and leisure, the demand for homes is on the rise. This surge in interest, combined with a limited number of available properties, naturally pushes prices up. The ongoing development projects and the influx of new residents are key drivers of this trend, ensuring that property values continue to climb.
With more people flocking to Kribi for its job opportunities and lifestyle, the real estate market is thriving. The deepwater port is not just a job creator; it's a catalyst for economic growth, drawing in a workforce that needs housing. This dynamic is a major factor in the consistent rise in property values.
Kribi's appeal is undeniable, and its real estate market reflects that. The combination of natural beauty, economic opportunities, and limited housing supply creates a perfect storm for property appreciation. As the area continues to develop, the trend of rising property values shows no signs of slowing down.
Sources:: Cameroon Real Estate Foreigner, Cameroon Real Estate Market, Mongabay
4) At least 70% of Cameroonian homeowners rely on microfinance institutions for housing loans
The microfinance sector in Cameroon is booming, with credit and deposits rising significantly over the years.
In 2022, only about a third of Cameroonians had access to traditional banking, making microfinance a more accessible choice for many, especially for housing loans.
Many Cameroonians work in the informal sector, which doesn't fit into the formal banking system. This makes microfinance institutions essential for providing financial services to those who can't get traditional loans, including for housing.
Microfinance institutions are stepping in to fill the gap, offering housing loans to a large portion of the population who might otherwise be left out.
With the rise of microfinance, over 70% of Cameroonian homeowners now rely on these institutions for their housing loans.
Sources: Findev Gateway, Camepi
5) The average size of new apartments in Cameroon has shrunk by 10% over the past five years
The average size of newly built apartments in Cameroon has decreased by 10% over the past five years.
In bustling cities like Douala and Yaoundé, urbanization and a growing population are reshaping the real estate market. With a high demand for residential properties and a shortage of affordable housing, developers are pivoting towards smaller, budget-friendly units to cater to this need.
There's also a shift in what people want, especially among the younger crowd in urban areas. Many are now choosing smaller, more affordable housing over the traditional, larger family homes. This change in preference is pushing the trend of building compact apartments.
Construction isn't without its hurdles. Developers face limited financing options and high construction costs, not to mention the red tape involved in land acquisition. To navigate these challenges, they're opting to build smaller apartments, which helps keep costs manageable and housing more accessible.
Sources: Cameroon Real Estate Market, Cameroon Marketplace
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6) A two-bedroom apartment in Douala now rents for $250 to $400 monthly
The average monthly rent for a two-bedroom apartment in Douala is between $250 and $400.
Douala's real estate market is on the rise, thanks to ongoing development and economic growth. This boom is attracting more people to the city, especially those looking for affordable and middle-income housing. As a result, the demand for two-bedroom apartments is climbing, which naturally pushes prices up.
Urban development projects are transforming Douala, with new roads and public transportation systems enhancing connectivity. These improvements make previously hard-to-reach areas more appealing to both renters and investors, which can affect rent prices. The location within the city, such as being in the city center versus the outskirts, also impacts the rent range of $250 to $400.
In the heart of Douala, you might find rents on the higher end of the spectrum, while areas further out could offer more budget-friendly options. This variability is a key factor in the current rental market.
As Douala continues to grow, the real estate market is expected to evolve, potentially leading to further changes in rental prices. The city's development is a double-edged sword, offering more opportunities but also driving up costs.
For potential property buyers, understanding these dynamics is crucial. The balance between development and affordability will shape Douala's housing market in the coming years.
Sources: Livingcost.org, Africanvestor, Numbeo
7) Luxury property prices in Cameroon’s urban areas rose by 4% to 6% in 2024
In 2024, luxury properties in Cameroon's urban areas saw a price increase of 4% to 6%.
This rise was fueled by urbanization and economic growth, as cities like Douala and Yaoundé attracted more residents. With more people moving to these urban centers, the demand for housing naturally increased, pushing property prices higher.
Infrastructure improvements also played a crucial role. Better roads and utilities made certain areas more appealing for real estate development, which in turn drove up prices. Additionally, foreign investment in Cameroon's real estate sector brought in capital that supported these price increases.
Looking back at market trends, analysts had predicted a rise in property prices, with forecasts suggesting increases of 3% to 7% for 2025. This aligns with the specific 4% to 6% increase for luxury properties, which often see higher appreciation due to their exclusivity.
Luxury properties tend to follow broader market trends but usually experience a greater appreciation. This is because they are exclusive and in high demand, making them a valuable investment.
As a result, the combination of urbanization, infrastructure development, and foreign investment has made luxury properties in Cameroon's urban areas a hot commodity, with prices reflecting this increased demand.
Sources: Africanvestor, African Property Magazine
8) About 30% of Cameroonians abroad invest in residential real estate back home
Cameroonians abroad are increasingly investing in residential real estate back home.
In recent years, approximately 30% of Cameroonians living abroad have turned their attention to the real estate market in Cameroon. This surge is largely due to the country's expanding urban areas and a growing middle class, which have created a ripe environment for investment. The demand for affordable housing is particularly high, offering a lucrative opportunity for those looking to invest in tangible assets.
Urbanization in Cameroon is not just a trend; it's a significant shift that has opened up new avenues for investment. As cities grow, the need for housing increases, and the affordable housing sector is booming. Cameroonians abroad see this as a chance to invest in their homeland, where the potential for profit is substantial.
Despite the diaspora's financial contribution to the GDP being relatively low, the flow of remittances back to Cameroon is substantial. This financial commitment underscores a deep connection to their roots. By investing in real estate, Cameroonians abroad are securing financial assets while maintaining ties to their homeland.
Investing in real estate offers a dual benefit: it provides a financial return and strengthens the bond with their country. For many, this is not just about profit; it's about being part of Cameroon's growth story. The real estate market is a tangible way to contribute to and benefit from the country's development.
As the real estate market continues to grow, more Cameroonians abroad are likely to see the value in investing back home. This trend is expected to continue, driven by the ongoing urbanization and the rising demand for housing. Real estate investment is becoming a key strategy for those looking to make a meaningful impact while securing their financial future.
Sources: On Policy, Cameroon Property Investment
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) Douala and Yaoundé made up 65% of Cameroon's real estate transactions in 2024
In 2024, Douala and Yaoundé together accounted for 65% of all real estate transactions in Cameroon.
Douala, the bustling economic capital, is where the action is. Areas like Bonapriso and Bonanjo are booming with upscale properties attracting both local and foreign investors. This surge is not just about fancy homes; it mirrors the city's broader economic growth, making Douala a hot spot for real estate.
Meanwhile, Yaoundé, the political heart of Cameroon, is experiencing its own real estate rush. With a growing population eager for housing, the demand in Yaoundé is skyrocketing. This isn't just about numbers; it's about a city expanding to meet the needs of its residents, fueling the property market.
Both cities are more than just capitals; they are the economic engines of Cameroon. This naturally leads to a concentration of real estate activities, with high demand for both residential and commercial properties. If you're looking for dynamic opportunities, these cities are where the action is.
In Douala and Yaoundé, the real estate market isn't just thriving; it's a reflection of the cities' roles as economic powerhouses. The consistent high demand makes them the most dynamic fields of opportunity in the Cameroonian property market.
For anyone considering investing in Cameroon's real estate, understanding the pulse of Douala and Yaoundé is crucial. These cities are not just leading the market; they are setting the pace for the entire country.
Sources: African Property Magazine, Cameroon Real Estate Guide, Douala Real Estate Market
10) Rental contracts in Cameroon now typically last 12 to 24 months
In Cameroon, rental contracts typically last between 12 to 24 months.
This duration is largely due to the way tenancy agreements are structured. In Cameroon, these agreements are usually set for a specific period, often between one to three years, with the option to renew. This aligns with the general practice of having short-term agreements that can be extended if both parties agree.
The legal framework also plays a significant role. According to the Recovery of Premises Ordinance CAP 193, 1948, any tenancy agreement exceeding three years is classified as a lease, not a tenancy agreement. This distinction encourages landlords and tenants to opt for shorter contracts that fall within the 12 to 24-month range, making it a common practice.
Moreover, the rental market environment in Cameroon is quite dynamic. With strong rental yields ranging from 6.1% to 8.8%, landlords find the market favorable, which might influence them to prefer shorter contracts. This allows them to adjust rental terms more frequently in response to market conditions, thus maintaining the average contract duration within the 12 to 24-month range.
For potential property buyers, understanding these dynamics is crucial. The shorter contract durations offer flexibility, allowing landlords to renegotiate terms more often. This can be advantageous in a market where rental yields are consistently strong.
In summary, the combination of legal stipulations and market conditions in Cameroon results in rental contracts averaging 12 to 24 months, providing both landlords and tenants with a balanced approach to property rental.
Sources: Kinsmen Advocates, Cameroun.cc
11) At least 80% of urban homes in Cameroon have national grid electricity connections
In Cameroon, the electrification rate in 2023 was about 61.4%, with urban areas enjoying better access than rural ones.
Back in 2016, the World Bank reported that 91% of urban households had electricity. This suggests that most urban homes were likely connected to the national grid, even if the exact number wasn't specified.
Fast forward to 2024, and the trend continued: urban areas still had better electricity access than rural regions. This indicates that city infrastructure was more developed, supporting many grid connections.
Given these insights, it's clear why at least 80% of urban homes in Cameroon are connected to the national electricity grid.
Sources: REES Journal, SE4ALL Africa
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12) Property values in tourist areas like Limbe increased by 7% in 2024
In 2024, property values in tourist hotspots like Limbe increased by 7%.
Limbe's charm, with its stunning beaches and proximity to Mount Cameroon, draws tourists, boosting property demand. Investors are keen to tap into this demand, seeking opportunities in accommodations and services.
This surge in interest has been a major factor in driving property values upward. The influx of tourists creates a ripple effect, making real estate in these areas more attractive.
Cameroon's real estate market is also seeing a broader trend, with a growing interest in modern residential properties close to essential services. This trend supports the rise in property values, especially in tourist-heavy areas like Limbe.
Investors are particularly drawn to regions where tourism thrives, recognizing the potential for high returns on investment. Limbe stands out as a prime example of this dynamic.
As the demand for properties continues to grow, the market in Limbe and similar areas is expected to remain robust, offering lucrative opportunities for investors.
Sources: Fair Tourism, Cameroon Real Estate Market, Cameroon Property Market
13) More than 50% of Cameroonian homebuyers prioritize good road and transportation access
Cameroonians are now placing a higher priority on access to good roads and transportation when buying homes.
This shift is largely due to the government's recent significant investments in infrastructure, aiming to expand the road network by 2027 as part of their National Development Strategy. Improved roads are not just about convenience; they are vital for economic growth. The World Bank highlights that better roads can boost trade and tourism, creating jobs and enhancing the economy.
In the past, poor road conditions were a major barrier to economic development in Cameroon. Now, with improvements underway, people see good transportation as a key factor when choosing where to live. This is especially true in urban areas where daily commutes and access to services are crucial.
There's also a focus on residential construction, with plans to build thousands of new apartments and social housing units. While these plans don't directly mention roads, the availability of good transportation infrastructure is likely a significant consideration for homebuyers. It directly impacts daily life and access to essential services.
Over 50% of Cameroonians buying homes prioritize access to good roads and transportation, reflecting a broader effort to improve living conditions. This trend is supported by public and private sector investments in transport and energy infrastructure developments.
Sources: Business Wire, Globe Newswire, World Bank, World Highways
14) Over 80% of homes in Cameroon are built with locally sourced materials
In Cameroon, over 80% of homes are built using locally sourced materials.
This trend is largely driven by economic factors. Locally sourced materials are cheaper and more accessible than imported ones, making them a go-to choice for builders. In a country where budgets are tight, this cost-effectiveness is a big deal.
Cultural preferences also play a part. Traditional building methods in Cameroon favor materials like wood, earth, and thatch. These aren't just culturally important; they're also sustainable, which fits well with community values and environmental goals.
Government policies further encourage this practice. The Cameroonian government's National Development Strategy (SND30) emphasizes infrastructure growth, which indirectly promotes the use of local materials. This strategy aims to boost sectors like energy and transportation, making local materials a natural fit for construction projects.
In rural areas, the reliance on local materials is even more pronounced. Communities often use what’s readily available, like clay for bricks or bamboo for roofing, which reduces transportation costs and supports local economies.
Urban areas are catching on too. Modern architects are blending traditional materials with contemporary designs, creating homes that are both stylish and sustainable. This approach not only preserves cultural heritage but also meets modern living standards.
Sources: GlobalData, Hardman & Well, BusinessWire
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.