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Key Contacts

Africa Valuations

Luanda | Angola

Angola overtook Nigeria to become Africa’s largest oil producer in 2016, producing 1.7 million barrels per day.

Market highlights

  • Until recently, the country’s economy was booming, but GDP growth rates in 2015-16 were significantly impacted by falling oil prices.
  • Prime office rents are the highest in Africa, despite falling over the last two years on the back of reduced demand from oil companies.
  • Luanda is ranked by Mercer the second most expensive city in the world for expatriates, largely due to the scarcity of good housing.
  • In addition to the CBD, a major focus for development activity is the Luanda Sul/Tatalona area in the south of the city.
  • The retail property sector remains undersupplied, although several major mixed-use developments are under construction.


Property market data


Prime rents

Prime yields


US$ 80/ sq m/ month



US$ 60/ sq m/ month



US$ 10/ sq m/ month


(4 bed exclusive house)

US$ 15,000/ month



Market statistics & forecasts

Angola population - 25 million

Angola population forecast, 2025 - 34 million

Luanda population - 5.5 million

Luanda population forecast, 2025 -8.6 million

Angola GDP growth, 2016 - 0.0%

Angola GDP growth forecast, 2017 - 1.5%

Angola GDP (PPP) per capita, 2016 - US$ 6,844

Angola urbanisation rate - 45%