Technology occupies a central place in human economies today. Since the advent of digital technology, all areas of activity have been turned upside down, until the creation of sub-sectors capturing the attention of parent sectors. Finance, insurance and catering, to name but a few, have seen the advent of FinTech, AssurTech and FoodTech, respectively. These innovations are disrupting traditional operating...

Consider taking out a home loan to finance your project. Here are some elements you will need to build your file: A duly signed loan application; A land title of less than three months; A quantitative and estimated estimate of the project; A tax notice; The last three payslips and employment contract; Bank statements for the last three months; A proof of...

The affordability of housing depends on three factors: - household income; - the price of the house; - the financing conditions. In Africa, the confluence of low urban household incomes and high short-term mortgage interest rates (if any) or lack of financing translates into very low housing affordability. In Senegal, 74.7% of the population cannot afford the cheapest newly built house and here...

Real estate in Dakar is one of the most dynamic economic sectors in Senegal, and is experiencing very strong growth. According to the National Agency for Statistics and Demography (ANSD), the price per square meter has, on average, multiplied by 2.5 between 1994 and 2000, then by more than 2 between 2000 and 2009. At the same time , construction costs have moved in the same direction. For example, the...

The annual returns of real estate investment in Dakar are between 10 and 13% while those in Abuja are between 9 and 12% and those in Lagos between 7.5 and 12%. The Senegalese real estate sector is therefore more profitable than that of an economic power like Nigeria (Source: Africa Horizon...

If the Senegalese capital, Dakar, remains the city where real estate has the most value, Saint-Louis also has assets to promote. The northern capital is a prime area for real estate projects in Senegal. It has characteristics that are worth the detour for any investor. 1) Unesco World Heritage Since 2000, the city of Saint-Louis has been part of the UNESCO world heritage. It owes this status to...

Knowing how to mortgage your home is essential for anyone wishing to obtain credit. Indeed, unlike other countries, Senegalese banks cannot protect themselves against the risk of debtor insolvency by taking out insurance. Thus, although the fees and taxes associated with this scenario are high, the mortgage remains a possible option and considered. Mortgage your house or any other property in...

Depending on its size and location, buying land in Senegal involves more or less high costs. In addition, this purchase must be made in accordance with a procedure and well-defined legal provisions. At the end of your reading, you will know where and how to make this real estate investment in the land of Teranga. Buy land with potential As part of its economic development and to win the challenge of...

According to the Africa Horizons report by the Knight Frank company, the annual return on real estate investment in Dakar is 10% for residential buildings and office floors, 10% for commercial real estate (restaurants, stores, etc.) and 13% for industrial installations (hangars, depots,...