Gabon Real Estate Sector Research Highlights

Chapter

The Report: Gabon 2016: Construction & Real Estate
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Following the construction surge leading up to the 2012 Africa Cup of Nations, the sector’s focus shifted towards improving infrastructure, roads and housing. However, the economic malaise facing Gabon in light of the domestic debt crisis, coupled with the subsequent reduction in oil prices, has translated into a serious slowdown in the construction sector, which shrunk by 3% in 2015. While the 2017…

Interview

Salim Kaddouri, Director-General, CIMAF Gabon; and Deputy Director-General, Cimgabon: Interview
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Interview: Salim Kaddouri What are the main drivers of growth in the construction sector at this time? SALIM KADDOURI: As an emerging economy, Gabon’s public infrastructure segment presents the best opportunities for growth given the number of roads and bridges remaining to be built. Unlike more developed economies, countries such as Gabon should consume around 500-550 kg of cement per capita per…

Overview

Gabon awaiting several major infrastructure projects to spur growth
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According to the IMF’s 2015 Article IV consultation with Gabon, the early years of the Emerging Gabon Strategic Plan (Plan Stratégique Gabon Emergent, PSGE) proved to be a significant boon for the construction sector. The IMF reported that “high oil revenues funded a scaling up of public investment that helped propel overall growth to nearly 6% on average, led by construction and services”. Following…

Overview

Gabon's government prioritises closing the housing deficit
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As with many African property markets, Gabon has seen its different subsectors evolve in very different ways. Gabon has an estimated housing deficit of 200,000, concentrated on middle- and low-income earners, but there is a growing oversupply in the high-end segment. Despite empty units, high-end property remains expensive, especially in the capital city. Libreville is Africa’s third most expensive…

Economic News

Gabon : des mesures pour résorber le déficit de logement
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In English A l’approche des élections générales prévues fin août, le gouvernement du Gabon entend accélérer le rythme des constructions de logement social pour résorber son important déficit en la matière. Le taux d’urbanisation du Gabon est parmi les plus hauts d’Afrique et s’élevait à 86.9 % en 2014. L’urbanisation progressant à un rythme supérieur à la croissance du…

Overview

The government of Gabon mitigates obstacles in the construction sector
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Real estate activity in the country has decreased slightly since 2014, although demand in key segments, such as commercial property and affordable housing, continues to remain strong due to a shortage of current supply. Demand for rental property is also on the rise and represents an area of expected growth in the short term. However, time delays in acquiring land titles continue to be a considerable…

Overview

Gabon overcomes challenges to investing in construction
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While the construction sector in Gabon has seen a slowdown compared to the boom in the years prior to co-hosting the 2012 Africa Cup of Nations (Coupe d’Afrique des Nations, CAN), construction remains central to the state’s economic development plans. As part of an overarching goal to diversify the economy through the Emerging Gabon strategy, funding has focused on infrastructure in recent years.…

Analysis

Gabon starts spending big on affordable real estate
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According to a report published by the French Ministry of Finance in 2014, more than 75% of the urban population in Gabon currently live without a land title in dwellings with limited access to basic services. With continued urban growth at an average rate of around 30,000 new city residents per year, the gap between housing supply and demand remains substantial. Estimates for the combined housing…

Interview

Paul Mapessi, Managing Director, Société Nationale du Logement Social (SNLS): Interview
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Interview: Paul Mapessi What are the latest projects and developments in the social housing segment in Gabon? PAUL MAPESSI: There are several operators involved in the construction of social housing in Gabon. The national operator, Société Nationale Immobilière, is building 3800 houses across the country, while SNLS is currently constructing about 2000 houses in 2014-15 and developing 650 serviced…

Country Report

The Report: Gabon 2015
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Given the decline in oil prices from mid-2014 on, the government’s drive to diversify the economy away from its traditional reliance on hydrocarbons in line with its Emerging Gabon Strategic Plan has taken on greater importance. Drawing on its sizeable timber and mineral reserves, Gabon aims to develop new industries and boost domestic value added with the ultimate goal of achieving emerging mar

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Gabon Real Estate Sector Research Highlights

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