Country, comparable-market, and property intelligence for African real estate
hello@rekenya.appInvestment report · Generated September 11, 2026
Income level helps show which property segments can exist. Returns depend on supply, entry yield, entry date, and currency.
01
What does the evidence say now?
Only at the right price
Income and segment evidence are promising, but currency risk can erase local gains.
GDP per capita
$807
US$ per person · 2025 · World Bank NY.GDP.PCAP.CD · USD
GDP per capita forecast
Not available
US$ per person · 2031 · International Monetary Fund NGDPDPC · USD · estimated
Best segment
Warehouses and logistics
Section 5 · Internal dataset
Gross rental yield
8.6–8.8%
% range · 2013–2024 · Intelligence Real Estate Property return dataset · not applicable · estimated
This report uses 73 data points from 20 sources. 64 are estimates or modelled values.
02
What kind of economy is this, and where is it going?
GDP
$91.0B
US$ · 2025 · World Bank NY.GDP.MKTP.CD · USD
GDP per capita
$807
US$ per person · 2025 · World Bank NY.GDP.PCAP.CD · USD
GDP per capita, PPP
$1,920
international $ · 2025 · World Bank NY.GDP.PCAP.PP.CD · not applicable
Real GDP growth, five-year average
+7.2%
% per year · 2021–2025 · World Bank NY.GDP.MKTP.KD.ZG · real
Real GDP growth forecast
Not available
% per year · 2031 · International Monetary Fund NGDP_RPCH · real · estimated
GDP per capita forecast
Not available
US$ per person · 2031 · International Monetary Fund NGDPDPC · USD · estimated
Population
112,832,473
people · 2025 · World Bank SP.POP.TOTL · not applicable
Urban population
45.1%
% of population · 2025 · World Bank SP.URB.TOTL.IN.ZS · not applicable
Urban population growth
+4.0%
% per year · 2025 · World Bank SP.URB.GROW · not applicable
Inflation
+2.9%
% per year · 2016 · World Bank FP.CPI.TOTL.ZG · not applicable
Exchange rate
2693.24
CDF/US$ · 2025 · World Bank PA.NUS.FCRF · not applicable
Currency depreciation, ten-year
+191.1%
% · Latest ten years · World Bank Derived from PA.NUS.FCRF · USD · modelled
Mortgage lending rate
Not available
% per year · Latest available · National agencies and broker research Central bank and lender review · not applicable · estimated
Mortgage debt to GDP
Not available
% of GDP · Latest available · National agencies and broker research Central bank and IMF FSI review · not applicable · estimated
Construction and real estate share
Not available
% of GDP · Latest available · National agencies and broker research National accounts review · not applicable · estimated
Income per person, current US dollars. World Bank to 2025, IMF forecast after that.
03
If demand rises, does it become higher prices or more buildings?
Building permits issued
Not available
count per year · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Housing completions
Not available
count per year · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Units under construction
Not available
units · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Completions per 1,000 people
Not available
ratio · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Estimated housing deficit
Not available
units · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Vacancy rate, Kinshasa
Not available
% · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Construction cost change
Not available
% over five years · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Land price change
Not available
% over five years · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Time to obtain a building permit
Not available
days · Latest available · National agencies and broker research National statistics and broker review · not applicable · estimated
Supply response rating
Not available
1–5 · Current conditions · Intelligence Real Estate Supply response model · not applicable · modelled
Completions per 1,000 people, permit time, vacancy, and available land evidence. Missing inputs are not treated as zero.
04
Which countries were here before, and what happened next?
Reached this income level in 2006 · National or broker series
City apartment prices rose 71% over the next 10 years.
Nominal
+18.0%
Ten years after income match · Intelligence Real Estate
Real
+15.1%
Ten years after income match · Intelligence Real Estate
US dollar
-22.0%
Ten years after income match · Intelligence Real Estate
Early entry
+4.3%
real per year · modelled
Income-match year
+3.2%
real per year · modelled
Late entry
+1.6%
real per year · modelled
Reached this income level in 2007 · National or broker series
City apartment prices rose 41% over the next 10 years.
Nominal
+24.0%
Ten years after income match · Intelligence Real Estate
Real
+21.1%
Ten years after income match · Intelligence Real Estate
US dollar
-36.4%
Ten years after income match · Intelligence Real Estate
Early entry
+4.7%
real per year · modelled
Income-match year
+3.6%
real per year · modelled
Late entry
+2.0%
real per year · modelled
These countries reached this income level at different times, under different supply and credit conditions. Similar income does not mean similar outcome — the set includes no verified poor outcome.
05
Which property types can exist at this income level?
Not yet · Sells in months
Main risk: Rents follow local wages. Easy to sell, easy to oversupply.
Typical income threshold
$1,800
US$ per person · Comparable sample, 2010–2024 · Intelligence Real Estate Segment viability dataset · USD · modelled
Gross rental yield
3.4–5.4%
% range · 2013–2024 · Intelligence Real Estate Property return dataset · not applicable · estimated
Nominal
+28.5%
Real
+14.1%
US dollar
-81.5%
Evidence: moderate
Not yet · Hard to sell
Main risk: Needs a tenant with a long lease. Hard to sell quickly.
Typical income threshold
$2,500
US$ per person · Comparable sample, 2010–2024 · Intelligence Real Estate Segment viability dataset · USD · modelled
Gross rental yield
8.6–8.8%
% range · 2013–2024 · Intelligence Real Estate Property return dataset · not applicable · estimated
Nominal
+26.5%
Real
+12.1%
US dollar
-83.5%
Evidence: thin · Based on limited data
Not yet · Sells in months
Main risk: Income stops between school terms. Depends on one campus.
Typical income threshold
$2,200
US$ per person · Comparable sample, 2010–2024 · Intelligence Real Estate Segment viability dataset · USD · modelled
Gross rental yield
6.4–7.2%
% range · 2013–2024 · Intelligence Real Estate Property return dataset · not applicable · estimated
Nominal
+15.0%
Real
+0.6%
US dollar
-95.0%
Evidence: thin · Based on limited data
Not yet · Sells in months
Main risk: Thin margins. Depends on government rules staying stable.
Typical income threshold
$1,200
US$ per person · Comparable sample, 2010–2024 · Intelligence Real Estate Segment viability dataset · USD · modelled
Gross rental yield
5.6–6.4%
% range · 2013–2024 · Intelligence Real Estate Property return dataset · not applicable · estimated
Nominal
+22.0%
Real
+7.6%
US dollar
-88.0%
Evidence: thin · Based on limited data
Not yet · Sells in months
Main risk: Small tenants fail first in a downturn.
Typical income threshold
$2,000
US$ per person · Comparable sample, 2010–2024 · Intelligence Real Estate Segment viability dataset · USD · modelled
Gross rental yield
6.1–7.0%
% range · 2013–2024 · Intelligence Real Estate Property return dataset · not applicable · estimated
Nominal
+10.5%
Real
-3.9%
US dollar
-99.5%
Evidence: thin · Based on limited data
Not yet · Hard to sell
Main risk: Long empty periods. Slow to re-let after a tenant leaves.
Typical income threshold
$3,500
US$ per person · Comparable sample, 2010–2024 · Intelligence Real Estate Segment viability dataset · USD · modelled
Gross rental yield
6.8–7.8%
% range · 2013–2024 · Intelligence Real Estate Property return dataset · not applicable · estimated
Nominal
+8.5%
Real
-5.9%
US dollar
-101.5%
Evidence: thin · Based on limited data
Not yet · Hard to sell
Main risk: Limited evidence; operating performance varies by asset.
Typical income threshold
$4,000
US$ per person · Comparable sample, 2010–2024 · Intelligence Real Estate Segment viability dataset · USD · modelled
Gross rental yield
Not available
% range · Not available · Intelligence Real Estate Property return dataset · not applicable · estimated
Nominal
Not available
Real
Not available
US dollar
Not available
Evidence: thin · Based on limited data
06
How does a specific property compare?
Price, size, rent, costs, and borrowing turn the country evidence into an asset verdict, required rent, break-even occupancy, and debt-service cover.
07
What might this return, and where does the return come from?
Country-level illustration using the leading segment. Add a property for asset-specific cash flows.
Projected net yield
6.5%
25% costs · 10-year model
Exit value
$167,604
US$ · 10-year model
Equity multiple
0.27×
10-year model · modelled
Annual return (IRR)
-7.3%
Counting when money is returned
The three parts sum to the modelled total return, within rounding.
08
What happens when the assumptions change?
| Input / output | Downside | Base | Upside |
|---|---|---|---|
| GDP per capita growth | |||
| Rent growth | |||
| Yield movement, bp | |||
| Currency vs US$ | |||
| Supply change | |||
| Annual return (IRR) | -13.1% | -5.1% | -0.1% |
| Equity multiple | 0.9× | 1.6× | 2.2× |
| Capital returned | Not available | Year 8 | Year 6 |
Downside currency uses the country's worst available three-year exchange-rate move. Inputs are editable; outputs are modelled.
09
What can break the return?
| Risk | Likelihood | Quantified impact / test | Mitigation |
|---|---|---|---|
| Currency | High | +191.1% ten-year move; worst three-year run +75.2%. | Reduce unhedged dollar exposure. |
| Entry vintage | Medium | Test purchase at the last local peak. | Require an entry-yield margin. |
| Oversupply | Medium | Compare completions with household formation. | Track permits and pipeline quarterly. |
| Yield decompression | High | +150bp lowers the exit value. | Do not rely on yield compression. |
| Construction-led growth | Low | Not available of GDP. | Separate building activity from end demand. |
| Reliable transaction evidence is scarce. | Medium | Country-specific review | Verify before commitment. |
| Title and registration require specialist review. | Medium | Country-specific review | Verify before commitment. |
| Dollar access and repatriation can be constrained. | Medium | Country-specific review | Verify before commitment. |
10
What is the thesis, and what must be true?
A selective warehouses and logistics opportunity, not a broad call on property prices. Income level supports segment viability. Entry yield, supply, timing, and currency decide whether the investor keeps the return.
Warehouses and logistics · Evidence: thin
Pay above the local price benchmark, rely on yield compression, or use debt that pushes DSCR below 1.25×.
11
Which values are measured, estimated, or modelled?
Measured
9
Official published series
Estimated
55
Manual or forecast values
Modelled
9
Derived values
Comparable selection. We take today's income per person, find when other markets first crossed that level, and keep markets with enough later property evidence. A poor outcome is retained.
Price basis. Nominal is the published local-currency move. Real removes consumer-price inflation. US dollar also includes the exchange-rate move. No nominal price return appears alone.
Known gaps. Segment return and supply data are thin outside advanced markets. Missing values remain Not available. They are not replaced with zero.
Conventions. CPI is used for deflation. Period-average exchange rates are used for currency conversion.
12
Where does every displayed metric come from?
| Figure | Section | Value | Basis | Source / series | Retrieved |
|---|---|---|---|---|---|
| GDP | 2 | $91.0B US$ | USD | World Bank · NY.GDP.MKTP.CD | 2026-09-11 |
| GDP per capita | 2 | $807 US$ per person | USD | World Bank · NY.GDP.PCAP.CD | 2026-09-11 |
| GDP per capita, PPP | 2 | $1,920 international $ | not applicable | World Bank · NY.GDP.PCAP.PP.CD | 2026-09-11 |
| Real GDP growth, five-year average | 2 | +7.2% % per year | real | World Bank · NY.GDP.MKTP.KD.ZG | 2026-09-11 |
| Real GDP growth forecast | 2 | Not available % per year | real | International Monetary Fund · NGDP_RPCH | 2026-09-11 |
| GDP per capita forecast | 2 | Not available US$ per person | USD | International Monetary Fund · NGDPDPC | 2026-09-11 |
| Population | 2 | 112,832,473 people | not applicable | World Bank · SP.POP.TOTL | 2026-09-11 |
| Urban population | 2 | 45.1% % of population | not applicable | World Bank · SP.URB.TOTL.IN.ZS | 2026-09-11 |
| Urban population growth | 2 | +4.0% % per year | not applicable | World Bank · SP.URB.GROW | 2026-09-11 |
| Inflation | 2 | +2.9% % per year | not applicable | World Bank · FP.CPI.TOTL.ZG | 2026-09-11 |
| Exchange rate | 2 | 2693.24 CDF/US$ | not applicable | World Bank · PA.NUS.FCRF | 2026-09-11 |
| Currency depreciation, ten-year | 2 | +191.1% % | USD | World Bank · Derived from PA.NUS.FCRF | 2026-09-11 |
Industry sources are market participants, not statistical agencies.
| Figure | Section | Value | Basis | Source / series | Retrieved |
|---|---|---|---|---|---|
| Supply response rating | 3 | Not available 1–5 | not applicable | Intelligence Real Estate · Supply response model | 2026-09-11 |
| Vietnam house prices | 4 | +18.0% % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Vietnam house prices | 4 | +15.1% % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Vietnam house prices | 4 | -22.0% % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| India house prices | 4 | +24.0% % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| India house prices | 4 | +21.1% % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| India house prices | 4 | -36.4% % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Typical income threshold | 5 | $1,800 US$ per person | USD | Intelligence Real Estate · Segment viability dataset | 2026-09-11 |
| Gross rental yield | 5 | 3.4–5.4% % range | not applicable | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +28.5% % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +14.1% % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | -81.5% % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Typical income threshold | 5 | $2,500 US$ per person | USD | Intelligence Real Estate · Segment viability dataset | 2026-09-11 |
| Gross rental yield | 5 | 8.6–8.8% % range | not applicable | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +26.5% % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +12.1% % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | -83.5% % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Typical income threshold | 5 | $2,200 US$ per person | USD | Intelligence Real Estate · Segment viability dataset | 2026-09-11 |
| Gross rental yield | 5 | 6.4–7.2% % range | not applicable | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +15.0% % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +0.6% % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | -95.0% % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Typical income threshold | 5 | $1,200 US$ per person | USD | Intelligence Real Estate · Segment viability dataset | 2026-09-11 |
| Gross rental yield | 5 | 5.6–6.4% % range | not applicable | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +22.0% % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +7.6% % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | -88.0% % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Typical income threshold | 5 | $2,000 US$ per person | USD | Intelligence Real Estate · Segment viability dataset | 2026-09-11 |
| Gross rental yield | 5 | 6.1–7.0% % range | not applicable | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +10.5% % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | -3.9% % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | -99.5% % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Typical income threshold | 5 | $3,500 US$ per person | USD | Intelligence Real Estate · Segment viability dataset | 2026-09-11 |
| Gross rental yield | 5 | 6.8–7.8% % range | not applicable | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | +8.5% % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | -5.9% % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | -101.5% % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Typical income threshold | 5 | $4,000 US$ per person | USD | Intelligence Real Estate · Segment viability dataset | 2026-09-11 |
| Gross rental yield | 5 | Not available % range | not applicable | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | Not available % | nominal | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | Not available % | real | Intelligence Real Estate · Property return dataset | 2026-09-11 |
| Five-year price change | 5 | Not available % | USD | Intelligence Real Estate · Property return dataset | 2026-09-11 |
This report contains 73 figures from 20 sources. 64 are estimates or modelled values.
Each agency earns one point for each verified factor. Open any awarded point to inspect its evidence. Rankings measure public data transparency, not service quality or investment performance. Reviewed September 28, 2026.
Not available — we have not found an agency in DRC that publishes dated market data.
A publication date marked “not stated” means the publisher does not display one on the linked page. It does not earn a frequency point unless a reporting schedule is stated.