Cameroon real estate expert service

Cameroon real estate expert service

The most popular question I often receive is about Cameroon real estate expert service; how can I invest in real estate in Cameroon when I truly don’t know where to start…at all!  In this blog I will give you a direct link for access to the proper documentation for acquiring a building/investment permit, getting a title for your property/land and other investment opportunities such as the export of mining products or the import and export of animal products. In other words, this is your one-stop shop to all of your investment documentation needs and the best part… All of this information is provided with the costs as specified by the regulatory bodies in Cameroon.

So what do you do when

1. a) Regulations are not transparent, not online? Or
2. b) Professional real estate agents or ‘Immobilier’ are hard to find and may not offer value to the prospective investor outside of his or her own best interests! Or
3. c) Investment costs fees, stamps, documentation required are not available and differ significantly depending on whom you talk to!

So hire a reputable real estate services company that is helping families and businesses one real estate investment transaction at a time. At SECPE (Standards Excellence Care Property Experts) Investments, we make no excuses just results. Our aim is to give you a piece of the action, whether you own an investment property, residential or commercial or are looking to buy one, we are willing and able to navigate through the maze that is real estate investment in Cameroon; Real estate construction, development, purchase, and sales in Cameroon.

So here is the truth,

Real estate investment in Cameroon is alive and well for those who can afford the nuances of navigating through endless and countless demands for building permits, stamps, planning permission forms, transfer of title requests, certificate requests, plot/lot division, tax payer cards, personal documentation, citizenship or ‘foreignship’, marriage certificates, birth certificates… omg, this is not an exhaustive list I’m afraid!! Spending time at the Ministry of Urban Housing and Development or its subsidiaries is a given, and often investors find themselves dispensing unheard of wads of cash to get that ‘one’ individual who knows what he or she is doing and can get it done for you fast, avoiding the lines, the heat, the headache and yes, the constant demand for an incentive.  As in any country, your investment possibilities are as good as the capital you can afford to raise.

There are two types of Real Estate Investors

4. a) Investors looking to make a profit, building structures, commercial and residential arenas alike to meet up with the ever demanding growth of the economy at an average rate of 4.7% per year. This has resulted in excess demand and a short supply of infrastructures, especially In the urban areas.
5. b) Regular hard working individuals trying to chase the ‘Cameroonian’ dream of home ownership.

Here are some key facts

Presently, unlike some countries, there are no restrictions or limitations placed on foreign investors in converting, transferring, or repatriating funds associated with an investment.
Labor is relatively cheap, with a 25% unemployment rate in the working force and 75% unemployment rate for the under 30-year-old’s. Your investment can be quite lucrative if you have the right team. Actually, SECPE investments are the RIGHT TEAM 😊.
There are no restrictions on foreigners establishing bank accounts, credit instruments, business financing or other such transactions in Cameroon.
There are major banking institutions to choose from to partner with if you have the proper down payment and credit instruments e.g. Afriland Bank, EcoBank, Standard Chartered Bank, Societe Generale de Banque Francaise. They each have programs that can assist in your investment needs provided you have a solid plan.

Documentation and regulation procedures ARE online… it’s just folks don’t go looking. Presently the government has an e regulations online service system that gives you the precise requirements you need, provides you with samples of the document AND…. AND… wait for it… yes! tells you how much you need to pay. You ready for the link?

https://Douala.eregulations.org

https://Garoua.eregulations.org

https://Yaounde.eregulations.org

These are the most up to date online references for folks who want to invest in Cameroon. From how to get a land title or a building permit. Most of the demands, formalities, and documentation required are available ONLINE. So don’t be quick to say, “I don’t know what to do”. The truth is, as is in every investment there are risks.  Some of these risks include

• Prevalence of corruption
• Poor enforcement of laws
• General investment risks and losses due to miscalculated risks, poor research and unavailability of information

However, investors have still been able to work with companies that offer socially responsible alternatives that put the needs of the community as a priority. OPIC and Other Investment Insurance Programs have provided small and medium sized businesses with access to financing with the condition that they maintain and use regular governed International principles such as OHADA. Working with enterprises that follow proper principles homegrown or otherwise is a huge bonus.

Interests in property are recognized in the law. For mortgage transactions between two private parties, a proper contract is required for the agreement to be binding and enforceable in the courts. Liens have to be recorded in the contract. A registry of land title exists in Cameroon

In addition, Cameroon’s 2013 investment law lists several types of investment incentives for investors and also specifies the conditions that they have to meet. Contact an agent at www.secpeinvestments.com; info@www.secpeinvestments.com or call us at 23722209880 for more information on how to properly invest in this great nation we call the Republic of Cameroon.

Worth of Note: Records from the Ministry of State Property and Land Tenure (MINDAF, French acronym) indicate that land registration rates have not significantly increased since colonial times. Between 1884 and 2005 only 125,000 title deeds had been issued. On average, this represents approximately 1,000 titles per year or less than 2% of the land in Cameroon. In 2009, a study by the African Development Bank identified other distinctive patterns in land ownership. For example, formal land registration is more common in urban (60%) than in rural areas. Existing legislation does not discriminate against foreign land own

Notes and references in this blog can be sourced from the European Country of Origin Information Network