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...
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,...