The Angolan real estate market is very congested offering one of the world’s most expensive housing options. Most of the dwellings are concentrated in the capital of the country – Luanda, and as foreigners arriving in Angola for work usually aren’t allowed to move outside of Luanda, finding a proper accommodation can be very frustrating. The good news is that most hiring companies shoulder their employees’ housing needs, assist in finding an appropriate accommodation and even pay for it.
Housing that would suit foreigners is located basically in the southern part of the capital, in compounds. The prices are very high and the demand is even higher. At the same time, the quality of the accommodation is usually lower than most foreigners’ expectations. The capital, which was initially designed to shelter only half a million of citizens, is now home to almost 4 million people (almost 3 million officially). People from urban areas continue to rush to the capital in order to try their wings and earn money. So the local real estate market works the way that newcomers must overpay in order to underget.
Of course, the locals aren’t likely to compete with the foreigners, as the Angolans usually don’t claim for the most expensive and high-quality accommodation and settle basically in poorer temporary dwellings in Luanda’s outskirts. But the general tension warms up the prices for all housing options making accommodation in Luanda an extremely expensive treat. As foreigners are likely to prefer more secure housing with decent facilities, they have to pay even a higher price. Finding accommodation outside of Luanda isn’t easier, as the options are fewer while the demand is still very high. Cheaper options (like down-market hotels) are booked several months in advance.
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