Property for sale in Liberia

1/ Capital: Monrovia

Is the capital city of the West African nation of Liberia. Located on the Atlantic Coast at Cape Mesurado, it lies within Montserrado County, the most populous county in Liberia.

2/ Country: Liberia

Is a country on the west coast of Africa, bordered by Sierra Leone, Guinea, Côte d'Ivoire, and the Atlantic Ocean. As of 2008, the nation is estimated to be home to 3,489,072 people and cover 111,369 square kilometers.

3/ Property for sale in Liberia

Liberia is rich in natural resources, possesses rich soils and abundant rainfall, and has a government committed to attracting international investment. In 2006 it was declared AGOA eligible.

The government is committed to attracting foreign investment and encourages support for the free market system. Despite its stated commitment, years of insecurity and bad governance contributed to burgeoning bureaucratic red tape that undermined of the rule of law and created unchecked opportunities for corruption.

Liberia has a free market economy and has no legal barriers preventing foreign investment, except those laws preventing foreign ownership of land and a restriction of citizenship on the basis of race. A Foreign company may do business in Liberia as a sole proprietorship, partnership or corporation. A new business may be incorporated locally or abroad, and its ownership can be a combination of foreign and local ownership or foreign owned.

Freehold properties can only be acquired by Liberian citizens. However, foreigners may obtain long-term leases subject to government approval. But the land tenure system in Liberia is a disaster. Landowners say that if nothing is done to change the situation, the next civil war in Liberia will be caused by land ownership disputes. Illegal sale and resale of land, multiple ownership claims to the same piece of land and the absence of many landowners in Liberia for more than one decade, characterize the unstable current land tenure system.