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How to invest in Angola’s property sector

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Angola’s property sector has seen significant growth over the past years. How we made it in Africa spoke to Francisco da Cruz, executive director of the U.S.-Angola Chamber of Commerce in Angola, about how to invest in the country’s property industry.

Real estate is big business in Angola's capital, Luanda

Real estate is big business in Angola's capital, Luanda

How would you describe the potential in Angola’s property sector?

Over the last eight years the Angolan economy has been booming as a result of peace and stability and a better macroeconomic situation in the country. The government’s reconstruction programme has created a number of business and investment opportunities, particularly in the construction, infrastructure and agriculture sectors. Development has been fuelled in some ways by big loans that the government has secured from China to invest in infrastructure rehabilitation. So we have seen the rehabilitation of roads, railways and bridges, thus enhancing the free flow of people and goods countrywide.

The government has embarked on an ambitious programme to build one million houses over the next four years. During more than three decades that lasted the war, almost no investments were made in real estate development, and now there is a big shortage in the housing and office space markets. Opportunities are not only emerging in Luanda and the other big cities but also in the interior of the country. The whole country is opening-up for business, offering good and enticing business opportunities for investors.

What are the most common mistakes made by foreign investors when they invest in Angola’s property sector?

I think up to now, most of the investors have been doing very well, except maybe for not getting into the market sooner. But as the situation continues to improve and output increases, investors will need to become more pragmatic in terms of prices, and their expected returns on investment. A few years ago one could sell units in a development even before construction started. The layout and the plans for new housing developments were enough for buyers to commit. The property market is, however, becoming more competitive.

Is it possible to secure financing for property investments locally?

You can get financing locally as long as you provide the guarantees the banks are looking for. A couple of years ago it was much easier [to get financing] but due to the international financial crisis banks have become more conservative in providing loans. But one can still get it locally.

What are the first steps foreign companies should take if they want to invest in Angola?

As a foreign entity you have to contact the Angola National Private Investment Agency. Then you need to decide if you are going to do it alone, or in partnership with a local company. Having a local partner helps you to navigate through the bureaucracy. A local partner would usually also have a better understanding of how the market operates and is in a privileged position to identify prospective opportunities.

Why is Luanda one of the most expensive cities in the world to live in for expatriates?

There are two main reasons for this. The first reason is because of the oil industry. As far as real estate is concerned, oil companies are willing to pay high prices for houses, office space and other facilities they need for their operations.

Secondly, there are very few goods produced locally, everything is imported. This is putting pressure on availability in the market. The situation will change as we increase agricultural activities and production, and a better and more efficient distribution network is set-up to bring agricultural goods from the interior of the country to the big markets like Luanda. This will lead to a decrease in the importation of foodstuffs from countries such as South Africa, Portugal and Brazil.

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  • pomme

    Hi
    I am interested for investing in social houses in angola may need local partners but beforehand what garanties do I get from the governement

  • Dr MAjid Al-Ghurair

    Hello ,

    My name is Dr MAjid Al-Ghurair from UK am a investor looking for opportunities in Angola to invest am interested in Purchase of Residential Building and commercial also with export partnership please get in touch local connection prefer if possible majidalghurair2011@live.co.uk or call me on +447011135517

  • mali

    Hi everybody,
    i am interested to make good contact and fair trade with anybody else who is serious and righteous about business between Angola and Turkey. İf you want to contact my e-mail is drmaliergul@hotmail.com

  • Sulayman Jobe

    Hello ,

    My name is Sulayman from UK am a investor looking for opportunities in Angola to invest am interested in trade and export partnership please get in touch local connection prefer if possible jobe.sulayman@yahoo.com

    • pompilio

      hi sulayman my name is pompilio im from angola and i am interested to do business with people abroad so dont exitate to contac me my email is nelson.f_pompilio@hotmail.co.uk

  • mamadou

    hey my name is mamadou iam a guinean citizen who lives in baltimore md im very interested in doin busness in angola my email is mdousall@gmail.com

    • Ebenezer Olufowose

      Hello Mamadou, how are u doin,what kind of business would u want to do in Angola so that we can join hand together.
      Contact me through my email so that we can talk further regarding mine. dir.ebenezer@gmail.com
      Ebenezer

  • IMAM

    HI , AMILCAR
    I AM INTERESTED INVEST BUSINESS IN LUANDA .
    PLS GIVE ME IDEA WHICH SECTOR BUSINESS HAVE VERY GOOD OPURTUNITY ANGOLA.

    IF U HAVE SOME GOOD BUSINEESS IDEA PLS SEND TO ME BY MOHSHIN_SONS@YAHOO.COM

    ALSO HOW ABOUT THIS SECTOR =
    1)AGRICULTURE
    2)DAIRY AND POULTRY
    3)TRANSPORT
    4)IMPORT AND TRADE
    5)HOUSING AND DEPLOPING ECT;

    WHICE SECTOR ARE VERY GOOD PLS FIND AND TELL ME DETAILS
    TKS
    WAIT FOR YR RPLY
    IMAM
    MOHSHIN_SONS@YAHOO.COM

  • IMAM

    HELLO AMADEU ,
    I AM INTERESTED INVEST BUSINESS IN LUANDA .
    PLS GIVE ME IDEA WHICH SECTOR BUSINESS HAVE VERY GOOD OPURTUNITY ANGOLA.

    IF U HAVE SOME GOOD BUSINEESS IDEA PLS SEND TO ME BY MOHSHIN_SONS@YAHOO.COM

    ALSO HOW ABOUT THIS SECTOR =
    1)AGRICULTURE
    2)DAIRY AND POULTRY
    3)TRANSPORT
    4)IMPORT AND TRADE
    5)HOUSING AND DEPLOPING ECT;

    WHICE SECTOR ARE VERY GOOD PLS FIND AND TELL ME DETAILS
    TKS
    WAIT FOR YR RPLY
    IMAM
    MOHSHIN_SONS@YAHOO.COM

  • REV DR RUFUS PETER MBA

    be bless,am here in Luanda Angola,i have NGO and we are into agriculture with so many good land to use but we are looking for sponsor as we are NGO,we also have orphanage home and offer free education to the orphans.email me at,miraclecenterangola@yahoo.com or hopeforangolansorphans@yahoo.com or call me on.+244 933 14 64 81.

  • Amilcar Canjangue

    Hey my name is Amilcar Canjangue I’m Angolan Currently leave in south africa, we looking for strong investors they interesting to invest in Angola,

    INSURANCE, OIL, AGRICULTURE, CONSTRUCTION, SANITATION, right now there is License available for Insurance life no life

    fell free to contact me on my email or my Facebook

  • Amadeu

    Hello,

    My name is Amadeu iam Angolan iam ready to help investors to invist here.

    Who is interested for a partnership my email address is: amadeuschool@hotmail.com

    Best Regards