A Prosperous Future From A Distressed Present

Angola has been experiencing a financial and economic crisis since 2014, resulting from a sharp reduction in oil prices, with government measures that include promoting the market for problematic assets. While the COVID-19 pandemic has added to this situation, there is also huge potential for growth.

2020 sees Angola experiencing its fifth year of economic recession. We know this recession - which is being fought through significant diversification of the economy, reducing our dependence on oil - will continue for some time. But opportunities exist alongside the challenges.

While the coronavirus pandemic is expected to bring down the price of real estate even further, the future promises to be one of recovery for Angola's real estate market. It is a sector with enormous potential for development, since there remains a housing deficit and a need to diversify geographically in, for example, tourism and retail, alongside many other needs.