Building and Construction
•The current allocation of what is popularly called layouts (area which have been allocation by the government for residential and or commercial use) in Cameroon, has reignited trade in real estate in Cameroon in general and in Fako division in particular.
• The strategic location of this area: very close to the economic capital of Douala, will explain the high value of land.
• This area is also the seat of the administration of the province and is home to the prestigious University of Buea, hundreds of thousand of student flood this town every year in search of tertiary education.
• Besides the university of Buea, there are countless higher education and vocational training Institutions and Universities of both public and private Sectors offering a wide range of qualifications and training options. The increase urbanization, which in 2022 stood at 58.73% is another factor, with the current push factors of poverty and the search for employment and educational opportunities firmly in place, this trend is expected to continue.
• Also, with this part of the country being a highly touristic zone, there is mount Cameroon in Buea, which is attraction for alot of tourists. The yearly race between January and February is the biggest event in this area’s calendar. This race pulls runners from all over the world. The beaches in Limbe, botanic garden and Zoo beside other touristic attractions in the area continues to increase the demand for lodging facilities in the area.
• Investments in real estate is an investment that one can never go wrong with in this part of the country. Residential rents are mostly paid once in a year, most especially for new tenancy- this is a big boast for cash flow.
• With this area having all the aforementioned pull factors, it will continue to attract more and more
population, hence the constant need for a wide range of real estate solutions.
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