2012 Archive

 Here are examples of the market snapshots we produce – one for each quarter during the year.

2012 Files

Here are examples of the market snapshots we produce – one for each quarter during the year

2012 Q1 - Lagos Nigeria Land

A snapshot of the land market in Lagos - Nigeria. Q1 2012

Lagos is the commercial capital of Nigeria with a total population including suburbs estimated in excess of 18 million people. It is one of the most densely populated 
and fastest growing cities in the world.  The UN predicts that Lagos will be the third most populated city in the world by 2015.

The Land Use Act of 1978 converted all land to State-ownership to be managed by the Governor of the State in which it situated "for the use and common benefit of all Nigerians". No land, therefore, is in private ownership. It is leased from the State.

Purchasing of property in Nigeria is not without risks. The Petroleum Act of 1969 and Land Use Act of 1978 allow the government to take over land. The compensation scheme covers only the "unexhausted improvements" to the land but not the land itself. These factors combined with corruption and years of autocratic rule, mean that uncompensated expropriation of property does take place.

The purchase procedure is also complex and carries risks. The Index of Economic Freedom reports under Property Rights: "One of the world's least efficient property registration systems makes acquiring and maintaining rights to real estate property difficult."

2012 Q2 - Pointe Noire Congo General

A real estate market snapshot for Pointe Noire - Congo. Q2 2012

Pointe Noire is a city of around one million inhabitants and it is located to the west of the Republic of Congo (also referred to as Congo-Brazzaville).

The city has an international airport to the south-east of the centre, a major sea port and a railway which connects with the capital

Most of the prime offices and retail are located in the city centre along the main thoroughfare of Boulevard de General de Gaulle and nearby streets.

Housing is mainly split between ex-pat, which tends to be centrally located and in the areas of Tchicobo and Côte Sauvage, and local, which tends to be further out and beyond the main commercial areas of Pointe Noire.

There is a great deal of industrial activity in the city and a large international oil company presence. Most of this is focused along the Bay of Pointe Noire (to the north of the port) and in the Grande Zone Industrielle to the north of the centre. The area around Mongo Kaba and M'Vindalou on Route Nationale 1 is also developing as an industrial location.

2012 Q3 - Bangui CAR General

A real estate market snapshot for Bangui - Central African Republic. Q3 2012

Bangui is the capital city of Central African Republic. Point Zero, or Place de la République, is regarded as the centre of Bangui and the main commercial streets of Avenue Boganda, Avenue de la Victoire, Avenue de l'Indépendence and Avenue David Dacko radiate from here.

Although Bangui is still "cash-only" with no credit cards being accepted and no ATMs, some banks have entered the market otherwise the international corporate market is extremely slight and there is no stock to cater for it. Many of the NGOs and embassies operate out of large villas.

The retail market is largely informal and there are markets throughout Bangui. The ex-pat shopping radiates from Point Zero, particularly along Avenue Boganda.

Industrial property tends to be focused close to the city centre port and along the river. There is no international manufacturing in Bangui.

The residential market is relatively thin and there are not many ex-pats in the Bangui market, save for those that are on postings with NGOs and embassies. The best residential areas tend to be on the hill to the immediate north-east of the city centre (Colline) and along the river to the east of Bangui in areas such as Ngaraba.

2012 Q3 - Bangui CAR General (Copy)

A real estate market snapshot for Bangui - Central African Republic. Q3 2012

Bangui is the capital city of Central African Republic. Point Zero, or Place de la République, is regarded as the centre of Bangui and the main commercial streets of Avenue Boganda, Avenue de la Victoire, Avenue de l'Indépendence and Avenue David Dacko radiate from here.

Although Bangui is still "cash-only" with no credit cards being accepted and no ATMs, some banks have entered the market otherwise the international corporate market is extremely slight and there is no stock to cater for it. Many of the NGOs and embassies operate out of large villas.

The retail market is largely informal and there are markets throughout Bangui. The ex-pat shopping radiates from Point Zero, particularly along Avenue Boganda.

Industrial property tends to be focused close to the city centre port and along the river. There is no international manufacturing in Bangui.

The residential market is relatively thin and there are not many ex-pats in the Bangui market, save for those that are on postings with NGOs and embassies. The best residential areas tend to be on the hill to the immediate north-east of the city centre (Colline) and along the river to the east of Bangui in areas such as Ngaraba.

2012 Q4 - Erbil Iraq Offices

A snapshot of the office market in Erbil - Iraq (Kurdistan). Q4 2012

The city of Erbil is located in South Kurdistan, North of Federal Iraq. It is the capital of Kurdistan Region and the second city in Iraq after Baghdad.

Since 2003 Kurdistan has seen huge investment and expansion and the south of the region has become an emerging marketplace for business.

There is a high level of interest in Erbil from international business because of its stability (in comparison with the south of Iraq) and its rate of growth and development. In general most international business is operating out of the first generation of ex-pat housing development which was constructed during 2006-2008 and to the west of Erbil city centre.