Why Real Estate Remains One Of The Best Investments In Senegal In 2022?
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Loading... - Brena Jepkoech
- 29 Sep 2022
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There are several ways to invest funds in Senegal . But real estate is unquestionably in the top 5 of the most profitable and most secure investments . What explains this? Why real estate remains one of the best real estate investments in Senegal in 2022 ? Is it still interesting to move towards this sector? If real estate investment in Senegal tempts you or if you are about to get started, this article is for you.
Find out how investing in real estate in 2022 is one of the best decisions you can make for your financial future.
Real Estate In Senegal: A Booming Market
Our article on Trends in the real estate market in Senegal , published at the start of the year, already announced the colors: real estate in 2022 and in the years to come will be on the rise. Good news for future investors, the real estate market is one of the most dynamic in Senegal . As proof, demand is very high on the market due to expats of European, American or Asian origin who settle in Senegal, but also Senegalese from the diaspora who are returning home.
In addition, demographic growth and growing demand have favored the development of certain neighborhoods and regions. Towns and districts which formerly had no rating are therefore becoming more and more attractive; while maintaining affordable prices compared to residential areas. The first to invest in these geographical areas will therefore be those who can benefit from the highest capital gains. Indeed, the location is one of the most decisive points in the success of a real estate investment in Senegal. Hence the need to opt for attractive areas with good development potential to buy or build properties.
A Resilient Real Estate Sector In The Face Of The Covid-19 Epidemic
From March 2020, the global health crisis associated with the coronavirus did not spare Senegal. Many sectors have been strongly affected, in particular with the measures to limit movement, the adoption of the curfew and the closure of air and land borders. Tourism, restaurants and hotels are the sectors that have found themselves in the most difficult positions. However, the real estate market did not fail. Even if real estate transactions have been somewhat slowed down, the desire to invest by Senegalese and foreign investors has not been dampened.
Furthermore, the pandemic and the measures that followed it have enabled investors to review their purchasing criteria. With the democratization of telecommuting , for example, buyers are increasingly looking for accommodation in quiet environments, which benefit from good internet access, with a large interior surface, the possibility of having a home office and a spacious outdoor area, with amenities (gardens, green areas, swimming pools, etc.) .
Real Estate Investment In Senegal: A Way To Protect Yourself From Inflation
Faced with the inflationary context currently experienced by Senegal and many of the countries of the world, real estate investment is a safe haven par excellence. Indeed, real estate resists very well to the damage caused by economic conditions and inflation. Except in exceptional circumstances (significant change in the environment of the property, significant deterioration of the building, etc.), it is rare to see a property depreciate in the medium or long term. On the contrary, your property will see its value increase considerably over time. Read More…
