The African real estate market, compared to Europe and the US, can still be considered untouched. Yet, with the fast growing economy in Senegal alone this market is accelerating quickly. Supported by the government’s development plans and projections, which in the coming five year alone promises 20 billion euro worth of investments and an annual economic growth of 7%, full return on investment is achievable within a time span of five years.
Senegal benefits from an advantageous and strategic geographic location, which is considered the gateway to the entire West Coast of Africa. It offers investors:
- A stable political environment
- Democratic institutions
- Non-stop flights to and from all major cities on all continents
- A major seaport in Dakar
- A bilateral investment treaty with the U.S. and Europe
- A stable regional currency - the CFA franc (pegged to the Euro and guaranteed by the French Treasury)
- A robust telecommunications infrastructure
Within Senegal, our current region of operations is predominantly in and surrounding the city of Thiès. The region of Thiès has a clear defined and exciting growth strategy and, as such, has become of particular value for investment incentives with high returns.
Both railways and roads cross Thiès and fan out to all the corners of the country and its neighbouring countries. With the new international airport now located in Diass, which is able to cater for up to 10 million passengers and a mere 18 km drive from Thiès city, Thiès is now, rightfully so, the second largest and most influential city in Senegal.
That is just one of numerous reasons why many multinationals are deciding to settle in the region, and subsequently the demand for high quality residential, hospitality and business facility accommodation and services is increasing fast. A requirement that we cater for, on behalf of our clients.