Only 40 private real estate developers are active in Cameroon

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On the occasion of the celebration of the 34e edition of World Habitat Day 2020 in Douala, on October 5, the Minister of Housing and Urban Development (Minhdu), Célestine Ketcha Courtès, deplored the lack of dynamism observed in the real estate sector.

«Of the 230 private real estate developers approved by the Minhdu on January 1, 2020, only around 40 are active. These grouped together in nine Regions (Center, Adamaoua, Littoral, Far-North, East, North-West, South-West, West and South), have to their assets barely 1200 homes built and 14 plots developed. », Revealed the member of the government.

To reverse the trend, Célestine Ketcha Courtès proposed to create a platform for exchanges between real estate development players. This approach, according to her, aims to clean up the profession and boost the activities of serious and professional private real estate developers so that they can fully play their role in the development of the housing sector in Cameroon in general and the mass production of housing in particular.

This will be done in partnership with Shelter Afrique, a pan-African institution based in Nairobi, Kenya that supports the promotion of housing and the real estate sector on the continent. With Shelter Afrique, Minhdu wants to strengthen the capacities of Cameroonian real estate developers, in order to enable them to set up bankable real estate projects and programs.

Sylvain Andzongo

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