Property for sale in Guinea

1/ Capital: Conakry

Is the capital and largest city of Guinea.Guinea's capital city is a port on the Atlantic Ocean. Originally situated on Tombo Island, one of the Îles de Los, it has since spread up the neighboring Kaloum Peninsula. The population of Conakry is difficult to ascertain, although the U.S. Bureau of African Affairs has estimated it at 2 million.

2/ Country: Guinea

Is a country in West Africa, formerly known as French Guinea. The country's current population is estimated at 10,211,437 (CIA 2008 estimate). Guinea's territory has a curved shape, with its base at the Atlantic Ocean, inland to the east, and turning south.

3/ Property for sale in Guinea

Guinea, is one of the world’s least developed nations. This small coastal country consists mainly of swamps, rainforests, wetlands, and islands. It relies on fishing and agriculture. Its oil and mineral deposits remain unexplored. The country is highly politically unstable.

Statistics on foreign direct property investments are hard to obtain, but it is clear that regional stability, improved economic management, and external market factors are encouraging increased investment. Guinea constitutes a small, underdeveloped market open to U.S. direct investment.

The law lays out the obligations and responsibilities of the government and investors in such projects and stipulates the guarantees provided by the government for such projects. Individuals or legal entities making foreign investments in Guinea are guaranteed the freedom to transfer to any country of their choice the original foreign capital, profits resulting from investment, capital gains on disposal of investment, and compensation paid in the case of nationalization or expropriation of the investment. Guinea has no uniform policy on outward direct property investments. The rules of investment govern only the export of capital and allow the conversion and transfer of start-up capital at the time of divestment. The conversion and transfer of profits is negotiated at the time of investment, to be honored on a monthly basis.

Land laws are not clearly defined. Traditional property rights continue to prevail, though formal legislation is also in place. This is a dual system, which can cause some confusion in real estate transactions.