Property for sale in Mauritania

Is the capital and by far the largest city of Mauritania. It is one of the largest cities in the Sahara. The city is the administrative and economic centre of Mauritania. Get more information on property for sale in Nouakchott.

2/ Country: Mauritania

Is a country in northwest Africa. It is bordered by the Atlantic Ocean on the west, by Senegal on the southwest, by Mali on the east and southeast, by Algeria on the northeast, and by the Morocco-controlled Western Sahara on the northwest.

3/ Property for sale in Mauritania

The Mauritanian (MR) Government encourages foreign direct investment and economic liberalization. The government's investment and development policy emphasizes private sector development, seen as the main engine of economic growth. Direct investments are considered to be contributions in kind, labor, or capital that investors undertake, whether individuals or legal entities, and regardless of nationality, residence, or scale of the investment or enterprise.

Investors must apply to the Minister of Finance. The procedure for purchasing renting or selling real estate property is the same for everyone. In Mauritania, there is no shared jurisdiction when it comes to investment. For the purposes of acquiring private property, foreigners and nationals are equal in the eyes of the law in Mauritania.

Property rights are protected under the Mauritanian civil code, which is modeled on the French one. However, biased application of the law by the Mauritanian judiciary has been a problem for some local companies. In practice, it can be difficult to gain redress of grievances through the courts.

Mortgages exist, however, and are extended by the banks. There is a well-developed system of registration of property for sale in land and real estate.

There is nothing in Mauritanian law to prevent foreign investors for acquiring real estate property. The state may make concessions for national and foreign buying property for professional purposes.