OTHER COUNTRIES
Quintestate is constantly searching for attractive investment opportunities for our discerning buyers and investors. While we focus predominantly on Spain and Benelux, we are also always open to attractive investments all over the world and on this page you can see our latest international developments.
Kalia Development, Senegal
Senegal is the most stable country out of all the West African democracies and has a strong French influence, with a government which is fighting corruption and helping the economy to grow at a strong 7%. There is a low inflation rate, a fixed currency rate to the Euro and 6.5% to 8.5% mortgage rates. The IMF have identified Senegal as the seventh country in the world with greatest expected economic growth in 2018 and there have been significant offshore oil and gas deposits discovered in Senegal which will start to be exported in 2021. Not only that, but there is major investment being made in the infrastructure in the country from the new international airport, to a regional express train, highways and telecommunications.
The real estate market has a high demand and limited supply and Kalia are a very strong force in the marketplace, having built 316 units, with 490 under construction and 840 planned developments in Senegal. They have built social housing for a UN Habitat area to resettle people in flood zones and are now working on apartments and villas in different areas around the country, as well as working on a real estate leasing model to help more people buy their own property. They are offering attractive investment opportunities to invest in a new development through a mezzanine loan over a period of 24 months with a 25% IRR, or to invest in lease-purchase contracts over a term of 7 years, with 14% IRR.
We believe that Senegal and Kalia have excellent investment potential. Please fill in the form below to find out more about the opportunities and one of our helpful team will contact you.
