REAL estate business, REAL property, HOME prices, ECONOMIC development, EXPORTS, PETROLEUM export & import trade, CAPITAL, ANGOLAN economic conditions
Abstract
The article reports on developments in the real property business in Angola. Prime office space in the center of the city overlooking the bay sells for about $6,500 per square meter. An average flat can cost $12,000-$15,000 a month which is prohibitive even for some businesses hoping to take advantage of the country's booming economy, which is expected to grow in 2007 at 20-30%. The country exported nearly $30 billion of oil in 2006. The heavily congested capital has only a strip of property that most expatriates would consider suitable.
The article offers information on the economic conditions of Angola. The human and natural resources play an important role in the economic growth of the country. Credit Guarantee Insurance Corp., the largest insurer of company debtors in South Africa, said that opportunity exist in the construction, agriculture, infrastructure, tourism and oil/mining sectors in the country. Furthermore, Angola will become the China of the African continent with its continuous economic development.
Reports on the increase of revenue from oil profits by Angola. Production of Angola on crude per day; Loans and investment offered by China; Adoption of informal identification procedures by South African banks that tightens financial regulation.
The article reports on the economic condition of Angola. With almost 28 percent forcasted economic growth for 2006, the country is looking more attractive to foreign investors. Investors began to look at Angola as a country with great potential. Furthermore, businesses from a broad range of sectors are exploring the Angolan market.
Published
2006
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