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What will happen in Gabon’s real estate market? Will prices go up or down? Is Libreville still a hotspot for foreign investors? How is Gabon’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 Gabon, 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.
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1) Rental yields in Port-Gentil will rise as demand from oil industry workers increases
Port-Gentil is seeing a boost in rental yields, thanks to the increased demand from oil industry workers.
Gabon’s oil production has been climbing, with a 17.03% increase in production levels. This boom is drawing more workers to Port-Gentil, a hub for oil jobs. As these workers flock to the city, the need for rental housing is skyrocketing.
Big oil companies are pouring money into Port-Gentil, which is creating more job opportunities and attracting even more workers. Many of these newcomers, especially expatriates, prefer renting, which is pushing up demand for rental properties. The government is also playing a part by improving infrastructure, making Port-Gentil a more appealing place to live for those in the oil sector.
There's a historical trend in Gabon where the growth of the oil industry leads to increased rental demand. Real estate agents are noticing more inquiries from oil workers, and market analyses suggest this demand will keep growing. This is why rental yields in Port-Gentil are climbing.
For anyone considering buying property here, it’s worth noting that the rental market is thriving due to these industry dynamics. The city’s economic landscape is changing, and with it, the real estate opportunities are expanding.
Sources: YCharts, Gabon Real Estate Market
2) Rural property yields will drop as people move to cities for better opportunities
Rural areas in Gabon are seeing a drop in yields as more people flock to cities for better opportunities.
In 2017, Gabon had the highest rural-to-urban migration rate in Africa at 89%, which means a lot of people are leaving the countryside. Cities like Libreville are buzzing with job opportunities, especially for those with skills, drawing them away from rural life. This shift means fewer hands to work the fields, leading to lower agricultural productivity in these areas.
Urban centers are not just about jobs; they also have better infrastructure. Roads, schools, and hospitals are more developed in cities, making them more appealing places to live and invest. This urban focus leaves rural areas less attractive, causing property demand to drop and yields to decline as a result.
Young people, in particular, are showing a strong preference for city life, which only adds to the urbanization trend. Surveys indicate that the younger generation is more inclined to move to urban areas, further reducing the rural workforce and investment.
Media often reports on the struggles of rural communities, highlighting issues like brain drain and lack of investment. These challenges mean fewer resources and people are available to keep rural productivity up, contributing to the decline in yields.
Sources: Statista, Migrants & Refugees
We did some research and made this infographic to help you quickly compare rental yields of the major cities in Gabon 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) Rental yields in interior regions will stay flat because of limited economic activity
In Gabon's interior regions, rental yields have stayed flat because of limited economic activity.
One big reason is the lack of infrastructure. Without good roads and utilities, it's tough to bring in businesses and people, which keeps the demand for rentals low. Imagine trying to set up a shop or move your family to a place where basic amenities are missing.
Another issue is the low population density. Fewer people mean fewer potential renters. This trend makes it hard for property owners to find tenants, so rental prices don't go up much, if at all.
Jobs are scarce too. With no major industries around, there aren't many job opportunities. This lack of economic activity means fewer people are moving to these areas, which again affects the rental market.
Without economic drivers, these regions struggle to attract new residents or investors. It's a cycle where limited job prospects lead to low demand for housing, and low demand keeps rental yields stagnant.
For anyone considering buying property here, it's crucial to understand that economic growth is slow and rental returns might not be as high as in more developed areas.
Sources: IMF eLibrary, InterNations
4) More Chinese investors will buy property in Gabon as economic ties strengthen
Chinese investments in Africa have surged, jumping from $1.81 billion in 2022 to $3.96 billion in 2023.
In Gabon, Chinese companies are making waves, especially in the Nkok Special Economic Zone, where their presence is creating jobs and boosting the local economy. This makes Gabon a hot spot for future investments.
Gabon and China enjoy a strong trade relationship, thanks to high global prices and increased production of oil, manganese, and timber. This has improved Gabon's trade balance, making it more appealing to Chinese investors.
Chinese investments are also transforming Gabon's infrastructure, with new roads and bridges popping up. This development is crucial for economic growth and is likely to draw more real estate interest as Gabon becomes more accessible.
With these infrastructure improvements, Gabon is becoming a more attractive place for real estate investments. The country's growing accessibility and economic potential are key factors for investors.
As Gabon continues to develop, the strengthened economic ties with China suggest that interest from Chinese investors in Gabon's real estate will increase.
Sources: Statista, Xinhua News, World Bank
5) Interest in Gabon's eco-friendly homes will grow among foreign buyers
Foreign buyers are showing more interest in Gabon's eco-friendly housing developments.
There's a growing global trend towards sustainable living, and people are increasingly drawn to eco-friendly homes. This shift is largely due to a heightened awareness of climate change and its effects, which is influencing homebuying choices worldwide.
Gabon stands out internationally for its environmental efforts. The country has been recognized for its commitment to biodiversity, notably receiving a $150 million reward from Norway for reducing emissions from deforestation. This kind of recognition makes Gabon particularly attractive to buyers who prioritize sustainability.
The Gabonese government is also playing a key role by backing sustainable projects through initiatives like "Green Gabon." These efforts offer incentives for industrial investment and support a shift towards a green economy, aligning perfectly with the goals of eco-conscious investors.
Foreign buyers are not just interested in the environmental benefits; they see Gabon as a place where their investment can make a positive impact. The country's commitment to sustainability and its proactive government policies are drawing attention from international investors who are keen on eco-friendly developments.
With these factors in play, Gabon is becoming a hotspot for those looking to invest in properties that are both environmentally responsible and financially promising. The combination of global trends and local initiatives is creating a unique opportunity for eco-friendly real estate investment in the region.
Sources: The Madrona Group, Act Afrique, Morgan Lewis
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6) More foreign investors will enter Gabon's real estate market as political stability improves
In 2023, Gabon faced a military coup, but the government is now focused on attracting foreign direct investment to boost its economy.
Gabon has a strategic plan called the Plan Stratégique Gabon Emergent (PSGE), aiming to transform the country into an emerging economy by 2025. This plan is designed to diversify Gabon's economy and make it a more attractive destination for international investors.
Looking at other African countries, we see that political stability often leads to a rise in foreign real estate investments. For example, South Africa and Morocco saw significant growth in their real estate markets after achieving political stability, suggesting Gabon might follow a similar path.
The Gabonese government is actively working to attract foreign investors through initiatives like the public-private partnership agricultural program (GRAINE) and changes in hydrocarbon legislation. These efforts aim to boost private investment flows, potentially benefiting the real estate sector.
Additionally, a partnership with Bechtel has led to major infrastructure development projects in Gabon. Improvements in roads, rail, airports, and ports have supported a significant increase in foreign direct investment, making Gabon more appealing to foreign investors.
As Gabon continues to stabilize politically, the number of foreign investors in its real estate market is expected to grow, following the trend seen in other African nations. Infrastructure developments and government initiatives are key factors in this potential growth.
Sources: World Bank, The Asphalt Pro, Lloyds Bank Trade
7) Developing new properties in sensitive areas will cost more due to stricter environmental regulations
Stricter environmental regulations in Gabon are making it more expensive to develop properties in sensitive areas.
Gabon is serious about protecting its environment, and now all forestry operations need to have FSC certification. This means developers have to meet higher standards, which often means spending more money. For example, if a company has FSC or OLB certification, they pay 300 CFA per hectare, but without it, the cost can jump to 1000 CFA per hectare. This shows how pricey it can be to meet these standards.
Take the Kinguélé Aval hydroelectric project as an example. They had to do a thorough Environmental and Social Impact Assessment (ESIA), which led to changes in their original plans. This highlights how following environmental rules can be complex and costly. The Gabonese government is pushing hard on these standards, and they're even developing sustainable development credits to back it up.
With these stricter rules, property developers are likely to face higher costs. They need to do more detailed environmental assessments and follow more compliance measures. The focus on sustainable development and the need for FSC certification are clear signs that experts expect property development costs to rise.
Sources: Forest Trends, Fern, Meridiam
8) Property prices in Franceville will stay stable without significant changes
In Libreville, Gabon's real estate market is expected to stay remarkably stable.
One reason for this is Gabon's economy, which is on a steady path with a GDP growth rate projected at 2.70% by 2025. This kind of economic consistency helps keep the real estate market balanced. Libreville's population is also growing at a steady pace, with no major changes in the number of people moving in or out, which means housing demand remains stable.
Job stability plays a big role too. In Gabon, employment rates, especially in the oil industry, have been consistently strong. This means people have the financial security to invest in homes, keeping the demand for real estate steady.
The real estate market in Libreville has managed to maintain a healthy balance between supply and demand. This adaptability to economic changes is a key factor in its stability.
For those considering buying property in Libreville, this stability is reassuring. You won't see wild fluctuations in property prices, making it a safe investment.
Sources: Trading Economics, Statista
We have made this infographic to give you a quick and clear snapshot of the property market in Gabon. 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) Affordable housing demand in Port-Gentil will grow, causing property prices to rise moderately
Port-Gentil is rapidly urbanizing, which is driving up the demand for housing in the city.
With the population growing from 164,018 in 2023 to a projected 171,118 by 2025, there's a clear need for more homes, especially affordable ones. As more people flock to the city, they need places to live, and this is where the demand spikes.
The city's economic boom, largely fueled by the oil industry, is another big draw. As Port-Gentil's economy grows, it creates more job opportunities, pulling even more people into the area. This influx means more folks are on the hunt for affordable housing.
Living costs in urban areas like Port-Gentil are on the rise, pushing people to seek out cheaper housing options. As expenses climb, the need for affordable homes becomes even more pressing, nudging property prices up moderately.
For those considering buying property here, it's worth noting that the demand for affordable housing is set to rise. This trend is likely to lead to a moderate increase in property prices, making it a potentially smart investment.
Understanding these dynamics can give you an edge in the market. As more people move to Port-Gentil for work and better living conditions, the pressure on housing will only grow, making now a good time to consider your options.
Sources: Worldometers, Gabon Real Estate Market, Housing Finance Africa
10) Demand for large family homes in rural areas will drop as the population ages
In Gabon's countryside, the population is noticeably aging.
As people get older, they often prefer homes that are easier to manage, which means smaller homes become more attractive. Large family homes, with their need for more upkeep and space, just don't appeal as much to this older crowd.
There's also a big shift happening with younger folks moving to the cities. Back in 2017, Gabon had the highest rate of rural-to-urban migration in Africa, with 89% of people heading to urban areas. This leaves rural areas filled mostly with older residents who aren't looking for big family homes.
On top of that, birth rates in rural Gabon are dropping. In 2024, the fertility rate was 3.665 births per woman, which is a 1.35% decrease from the previous year. With fewer births, there are fewer large families, and that means less demand for those big homes.
So, if you're thinking about buying property in the countryside, consider that the demand for large family homes is likely to decrease as the population ages and birth rates fall.
These trends are shaping the real estate market in rural Gabon, making it a place where smaller, more manageable homes are becoming the norm.
Sources: DataReportal, Migrants & Refugees, Macrotrends
11) Demand for modern, affordable housing in Gabon’s cities will grow as the youth population increases
The youth population in Gabon is a major driver of demand for modern, affordable housing in urban areas.
With a median age of just 22.6 years, Gabon is bustling with young people eager to find their own homes as they step into adulthood. This youthful energy is reshaping the housing market, especially in cities where opportunities are abundant.
Urbanization is a big deal here, with over 80% of Gabon's population living in urban areas as of 2023. People are flocking to cities like Libreville and Port-Gentil, drawn by the promise of better jobs and living conditions, which naturally ramps up the need for housing.
Young Gabonese are not just looking for any place to live; they want homes with modern amenities and independent living arrangements. This trend is particularly strong in major cities, where the demand for lifestyle-friendly housing is on the rise.
The real estate market, however, has been slow to catch up, traditionally focusing on luxury properties. This has left a gap in affordable housing options for young people, who often face economic challenges due to Gabon's oil-dependent economy.
Recognizing this, the government is stepping in with policies aimed at boosting the supply of affordable housing. These efforts are crucial to meet the growing demand from the youth population, ensuring they have access to homes that fit their needs and budgets.
Sources: Country Meters, UNDP Insights, Gabon Real Estate Market Blog
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12) Luxury apartment prices in Libreville will rise as expats look for high-end housing
Libreville's luxury apartment market is set for a price hike as more expatriates flock to Gabon.
Since 2023, there's been a steady increase in expatriates moving to Gabon for work, and this trend is expected to continue into 2024. This influx is particularly noticeable in areas like Libreville's Beachfront and Akanda, where demand for high-end accommodations is rising. These neighborhoods are popular for their scenic views and proximity to business hubs, making them prime spots for expatriates seeking comfort and convenience.
Gabon’s economy is on the upswing, thanks to foreign investments that are pouring into the country. These investments often target high-end properties, which in turn boosts demand and prices in the luxury market. The limited supply of luxury apartments in Libreville adds to this demand-supply imbalance, naturally pushing prices higher.
Infrastructure developments, like the Baie des Rois project, are making Libreville even more appealing. These enhancements attract expatriates, who are drawn to the improved living conditions and amenities. The Baie des Rois project, in particular, is a game-changer, offering modern facilities and a vibrant community atmosphere.
Historically, property prices in emerging markets like Gabon rise with an influx of expatriates. This trend is evident in Libreville, where more individuals are seeking high-end living arrangements. The city’s growing reputation as a desirable place to live and work is a significant factor in this upward price trend.
As expatriates continue to seek high-end accommodations, Libreville's luxury apartment market is poised for further growth. The combination of economic growth, limited supply, and enhanced infrastructure makes it a hot spot for real estate investment.
Sources: Libreville Real Estate Market, FGIS Gabon, Gabon Price Forecasts
13) Rents in Libreville will increase as more foreign workers and expats move in
Libreville is buzzing with foreign investment, especially in oil and mining.
As these industries grow, more expatriates are flocking to the city, which means a higher demand for housing. This influx is pushing rental prices up, making it a hot spot for property investors. International companies are setting up shop in Libreville, and they need quality housing for their employees, further driving up demand.
With the city becoming a business hub, property prices and rental yields are climbing. It's not just about business; the Gabonese government is also rolling out the welcome mat for foreign talent. Their policies are making urban living more attractive, which in turn, boosts the demand for both housing and commercial spaces.
Libreville is transforming into a prime destination for professionals, thanks to these strategic moves. The city is not just growing; it's evolving into a vibrant place for work and life. As more people move in, the rental market is set to thrive, offering lucrative opportunities for those looking to invest in real estate.
Sources: Libreville Real Estate Market, Gabon Real Estate Market
14) Rents in smaller towns will drop as more people move to bigger cities
In Gabon, more people are choosing city life over small towns.
Over the past few years, there's been a noticeable shift in living preferences. From 2022 to 2024, smaller towns saw fewer newcomers, while larger cities attracted more residents. This trend highlights a growing preference for urban areas.
In 2023, Gabon's urban population hit over 2.2 million, showing that cities are becoming increasingly appealing. Urban areas have consistently experienced population growth, drawing people in with better job prospects and amenities.
As cities grow, smaller towns are likely seeing a drop in population. This isn't just happening in Gabon; it's a global trend. People are moving to cities for better opportunities, which naturally reduces the demand for rentals in smaller towns.
With fewer people moving to smaller towns, rents in these areas are expected to decrease. This shift is driven by the allure of urban living, which offers more conveniences and opportunities.
For those considering buying property in Gabon, it's worth noting that urbanization is reshaping the real estate landscape. As more people flock to cities, the dynamics of property demand are changing.
Sources: MacroTrends, Trading Economics, CEIC
We made this infographic to show you how property prices in Gabon compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
15) Rental demand in coastal areas will rise as tourism initiatives grow
Gabon is making big moves to boost its tourism sector.
The government plans to invest FCFA 21.6 billion into tourism infrastructure by 2026, focusing on coastal areas. This includes developing the Cap Océan hotel and a wildlife park, which are expected to draw more tourists. With these projects, the rental market in coastal regions is likely to see a boost as more visitors will need places to stay.
By 2029, Gabon aims to welcome over 600,000 tourists each year. This surge in visitors will naturally increase demand for accommodations, benefiting the rental market. New hotels and resorts, like the upscale complex in the Baie des Rois near Libreville, are being developed to meet this demand.
Gabon is also partnering with international travel agencies to promote itself as a top tourist destination. These partnerships are designed to offer unique experiences to visitors, making the coastal areas even more appealing. The government’s marketing campaigns are showcasing Gabon's natural beauty and biodiversity, drawing more attention to its coastal attractions.
Insider knowledge suggests that the Cap Océan hotel will feature eco-friendly designs, aligning with global trends in sustainable tourism. This approach not only attracts environmentally conscious travelers but also enhances the overall appeal of the region.
As tourism initiatives increase, the rental market in coastal areas will see a boost. This is due to the anticipated rise in tourist numbers and the development of new accommodations. Investors looking to buy property in these areas might find this an opportune time, given the expected growth in demand.
Sources: Jumelages Partenariats, Top Hotel News
16) Investing in rental properties will become more appealing due to changes in property tax laws
Changes in property tax laws are making rental property investments in Gabon more appealing.
The Gabonese government is actively reducing taxes, as highlighted in the Finance Act for 2023, which introduced various tax cuts and exemptions. For instance, there's a 60% rebate on the freight taxable basis for essential products, which indirectly benefits the real estate sector by lowering construction costs. This move is part of a broader strategy to stimulate economic growth and attract foreign investment.
Gabon’s property tax rates are quite competitive when compared to its neighbors. While the corporate tax rate stands at 35%, recent exemptions and reductions make the market more enticing for investors. This competitive edge is crucial in drawing more interest to the rental property market, especially from international investors looking for stable returns.
In urban areas like Libreville and Port-Gentil, the demand for rental properties is high. This is largely due to increasing urbanization and the influx of expatriates who require housing. The combination of high demand and tax incentives creates a promising environment for those considering rental property investments.
Real estate analysts predict that demographic shifts, particularly urbanization, will continue to fuel demand for residential properties in Gabon. This ongoing trend is expected to maintain the rental market's attractiveness, offering investors a stable and potentially lucrative opportunity.
Sources: PWC Tax Summaries, Wikipedia, Gabon Real Estate Market Blog
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.