AngoCasa Unveils Latest Collection of High-End Real Estate Opportunities in Angola: Exploring the Property Market and Its Growth
In 2021, Angola emerged from five years of recession. The business environment in Angola records significant improvements since 2018, becoming a key factor to attract new investments and the return of big multinational companies. Furthermore, earlier this year Nigeria lost its crown as Africa's largest crude producer as Angola surpassed the country for the first time in more than five years.
The behaviour of the economy and the housing market often mirror each other.
In 2017, prior to the recession, Angola's capital Luanda ranked as the world's most expensive city for expats, ahead of cities like Tokyo, Zurich, Singapore, and the capital's real estate prices ranked highest in Africa and among the top worldwide. Meanwhile, in recent years property prices have plummeted and now offers imme...