Property for sale in Congo

Is the capital and largest city of the Democratic Republic of the Congo. Also known as Congo Kinshasa, it is located on the Congo River. Once a site of fishing villages, Kinshasa is now a city with a population of more than 7 million in 2004. The city of Brazzaville (about 1.5 million inhabitants in 2007 with its suburbs), capital of the Republic of Congo, lies just across the Congo River from Kinshasa. Together with Brazzaville, the combined conurbation of Kinshasa-Brazzaville has thus nearly 9 million inhabitants.

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2/ Country: Congo

Is the third largest country by area in Africa. Though it is located in the Central African UN subregion, the nation is economically and regionally affiliated with Southern Africa as a member of the Southern African Development Community (SADC).

3/ Property for sale in Congo

When it comes to scaring off foreign investors who had intended to make property or land investment in Congo, the country rivals revolutionary Cuba.

Congo's financial sector is small, underdeveloped, and hurt by instability. Development of the banking sector has been stunted by war, poor management, bad loans, and political interference. Congo and the other five members of the Central African Economic and Monetary Community share a common central bank.

Ownership interest in movable properties (e.g. equipment, vehicles, etc.) is secured and registered through the Ministry of the Interior’s Office of the Notary. The overall freedom to start, operate, and close a business is very limited by Congo's national regulatory environment. Starting a business takes an average of 37 days, compared to the world average of 43 days. The cost of launching a business is high, and legal and regulatory non-transparency impedes entrepreneurial activity.

Real estate property (e.g. buildings and land) is secured and registered at the Ministry of Land’s Office of the Mortgage Registrar. The recently approved DRC Constitution (chapter 2, articles 34-40) protects private ownership without discrimination between foreign and domestic investors in property for sale in Congo. It also protects investments against takeover, unless the investment conflicts with some overriding public interest. In this case, there are legal provisions for equitable and appropriate compensation for the parties involved.