1. Angola.
- Subjects
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.
- Published
- 2007