2009 Q4 - Luanda Angola General
An overview of the real estate market in Luanda - Angola 2009 Q4
Angola was engulfed in a bitter 27 year civil war which ended in 2001. During that time there was virtually no real estate development in Luanda. Following the end of that civil war the country has seen massive investment, particularly in the oil sector.
The prime office area in Luanda is located along the Marginal (the road fronting the bay) and nearby streets. A second office area has developed and is continuing to be developed at Luanda Sul. This is the HQ location for a largenumber of construction companies and there has been some speculative development.
Prime areas for residential are Marginal, Mirama, Cruzeiro, Alvalade, Maianga, Maculusso, Imgobota,Quinanca, Ilha and Chicala. Out-of-town Luanda Sul has seen a huge amount of upscale development and is popular with ex-pats, although travel to the city centre can take several hours.
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