


Enjoy the piece (he wants to remain anonymous) 








Luanda 1



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Luanda 4 Luanda 5 Luanda 6



Luanda 7

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6 thoughts on “Guest Post: The Word On The Streets XII: The Luanda Edition

  1. Pingback: Guest Post: The Word On The Streets XII: The Luanda Edition – Y! Opinion

  2. FF, what would your friend say about Kilamba New City, a satellite city built to relieve accommodation problem in Luanda? It had been referred to as a ‘ghost town’. I understand some policies were introduced to increase level of occupancy. Would he say it is a failed project?

  3. @SAO Problem is that the government has decided that all major businesses must be located in the city. Unfortunately, there is only one 2 land road leading to the city. People live in the new city but commuting is very horrible. As such, people that can afford it still rent these expensive flats and co share during the week. If you can’t afford, then its a choice between 5 hours commute and living in a nice area or short commute and pay through your nose for crappy flats. I spoke to someone who lives in the satellite town and he spends 4 hours a day in traffic!!!! Straight solution is for the business district to be decentralised. Unfortunately, that is not the case, there are more attempts to centralise the district. Another solution will be to expand the roads but that will involve destroying many residential areas. However, i noticed that the city is not making good use of its waterways. Luanda is virtually surrounded by water. Attempts are being made to encourage boat transportation but still in infancy.

  4. Awesome post. I’ve travelled a bit around W. Africa but I honestly want to visit other places in Africa. God help me. But this is a really cool expose. The $15k a month for a $1.5m house comes up to around 12% cap rate assuming your friend doesn’t have to pay out much of that $15k in operating expenses for the building. Can you find out if this is a net amount? I’m going to do my own research but it doesn’t hurt to hear from the horse’s mouth. Because if that 12% is legit, I know someone who might be very interested.

  5. @therebelking i am not sure if there are operating expenses but usually, the resident pays for utilities…the return is phenomenal. Just that the initial investment is steep

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