REAL ESTATE INVESTMENT IN CAMEROON

Real estate investment in Cameroon encompasses the lease of landed property, the sale of landed property, and the management of the landed property. Real estate investment in Cameroon is realized through a complex procedure. The real estate market in Cameroon has as the most frequent transaction the sale and purchase of a property. These transactions are realized in collaboration with the real estate agent in Cameroon who most of the time works under a registered real estate company in Cameroon or real estate firm. Any person desirous to invest in real estate in Cameroon must understand the position of the Cameroon land law. Real estate investment in Cameroon requires a potential investor to understand the functioning, operation, and intricacies in the real estate business in Cameroon. Transactions involved in the real estate business in Cameroon entail a lot of financial commitment. This explains why dealings pertaining to real estate investment in Cameroon have to be engaged through a registered real estate company or firm in Cameroon with competent real estate agents and attorneys.

REAL ESTATE BUSINESS IN CAMEROON

Persons desirous to engage in real estate investment in Cameroon must have a good mastery of the real estate business in Cameroon. Real estate investment in Cameroon is quite sensitive. Proper due diligence must be engaged by the players in the real estate market in Cameroon to wit; the real estate agent in Cameroon, a real estate company in Cameroon, and a real estate attorney in Cameroon. The clients can trust us to have their interest properly represented in the following aspects;

  1. Identify opportunities for real estate investment in Cameroon,
  2. Engage meaningful negotiation and safeguard the interest of a client in real estate dealings,
  3. Manage property on behalf of clients, and
  4. Dispose of property on behalf of clients through sale and mortgage transactions.

The above-mentioned aspects of representation are done through purchase agreements, duly executed deeds, procurement of land certificates, management of tenancy matters, preparing and processing all legal documents. All these aspects constitute operations in real estate investment in Cameroon.

We shall examine the following aspects below;

REAL ESTATE COMPANY IN CAMEROON

A real estate company in Cameroon is a duly registered corporate entity with objectives to guide persons in real estate investment in Cameroon. The real estate company in Cameroon can sue and be sued in the event of fraud. Persons desirous to invest in real estate in Cameroon or starting a real estate business in Cameroon must know that they will be engaged in a plethora of legal transactions, negotiation, and financial commitment. As a result, a real estate company can be the best way to go about transactions in the real estate market in Cameroon.

Real estate investment in Cameroon usually entail choices to be made which range from the sale and purchase of property, the sale and purchase of undeveloped land, the procurement of land certificates, the procurement of building permits, the management of developed property like tenancy matters and the mortgage of property in general.

REAL ESTATE MARKET IN CAMEROON

The real estate market in Cameroon is filled with plenty of opportunities. It is made of the following players; The real estate agent in Cameroon, The real estate company in Cameroon, and the real estate attorney in Cameroon. With the nature of financial commitments involved in the real estate market in Cameroon, utmost care must be taken in the negotiation stage. There are two types of investors desirous to engage in real estate investment in Cameroon. They are;

  • Investors wishing to make a profit in the following real estate business in Cameroon; building commercial and residential structures to meet up with the ever-demanding growth of the economy at an average rate of 4.7% per year which has resulted in excess demand and short supply of infrastructures in urban areas,
  • Hard-working individuals wishing to own houses in Cameroon.

AGENT AND ATTORNEY

The real estate agent in Cameroon and the real estate attorney in Cameroon always work together. Each of them has their respective roles to play when it comes to real estate investment in Cameroon. With the complexity of the real estate market in Cameroon, proper due diligence cannot be accomplished without the input of both persons. Both the real estate agent in Cameroon and the real estate attorney provide the following functions;

  • Information on the boundary of property
  • Inquire into the existence of any dispute on the property
  • Inquire on any mortgage on the property
  • Perfect property transactions such as sale, lease, etc.

Real estate investments in Cameroon are usually manifested on choices that range from the sale and purchase of property, the sale, and purchase of undeveloped land, the procurement of land certificates, the procurement of building permits, the management of developed property like tenancy matters and the mortgage of property in general. So real estate investment in Cameroon is successful for those who can afford the difficulties of navigating through endless and countless demands for building permits, stamps, planning permission forms, transfer of title requests, certificate requests, plot division etc.

Article by Barr. Agbor Kima Divine Ngema

Kima & Partners Firm