THE PRICE LIST IN CAMEROON IN LAND MATTERS

The acquisition of land in Cameroon despite a certain liberalism observed at the level of the sale price of land between the parties, nevertheless observes certain legal measures, with regard to the registration of deeds of real estate sales, hence the interest of a list of prices in land matters. The latter can be defined as the grid of prices admitted and accepted by the State in each zone; these are therefore approved prices: we are talking about the legal price of the land per m²/area. Thus, in an urban area, the reference price cannot be the same as in a rural area. The same is true of the difference in value of land located in the city center and those in second-class neighborhoods, upscale or selective neighborhoods and difficult neighborhoods, etc. The level of development is therefore essential here. Moreover, Decree No. 2006/3023/PM of December 29, 2006 (which you can consult here), already set the scene for an administrative assessment of buildings in tax matters, taking into account certain calculation criteria for the awarding of prizes. Decree No. 2014/1881/PM of July 4, 2014 also follows suit. Prices may change over time. This article therefore has a major informative or didactic purpose in the current state of the facts and the law, in the direct interest of the actors of the real estate transactions that are the sellers, the buyers or the facilitators. But what is really the price list in real estate in Cameroon?

From the outset, it should be noted that the State, just like private legal or physical persons, is likely to be a full landowner (to have a land title on it) and therefore to have the right to dispose of his lands in the most absolute way. Consequently, any person may request an acquisition from it and must refer, for the basis of calculation relating to taxes and duties, to a text which concerns the list of minimum prices applicable to transactions on land in the private domain of the State: this is Decree No. 2014/3211/PM of September 29, 2014 (which you can consult here). By way of illustration, the minimum prices per m² differ depending on whether the land in the private domain of the State is purchased from bankomo, Ngoumou, Obala, Ebolowa, Sangmelima, Eseka, etc. (2000 FCFA) or Maroua, Garoua, Monatele, Bafoussam, Kribi , Bamenda… (5000 FCFA) or in Yaoundé, Douala… (10000 FCFA) or even in Sa'a, Bikok, Akono, Essé, Ebebda… (500 FCFA) etc. However, it should be noted that these approved prices are for residential use. For trade, it is double; for industry, it's half and for culture or social, it's a quarter.

To this end, if it is accepted that the approved price of spaces from the private domain of the State is clear and known, it is not necessarily the same logic for the land of individuals, natural or legal persons. What would be the approved price of the spaces from these last private properties? The concern therefore remains intact for the user, as to the correct reference of calculation applicable to private transactions in land matters. It is to answer this problem that we have taken the resolution by means of this article, to further popularize the information relating thereto.

 It is on the strength of this that when reading the market price list of administrative values ​​of built and unbuilt buildings, the observation is quickly made that the minimum prices differ according to the zones but are much more considerable than those of the domain. private from the state. For example, while the minimum price is 75,000 FCFA for unbuilt buildings and 150,000 FCFA for those built, in Kotto in Douala or Olezoa in Yaoundé, in Obobogo on the other hand, we have 30,000 FCFA for unbuilt buildings and 150,000 FCFA for those built. Another illustration is that of Omnisport in Yaoundé also where we have 120,000 FCFA for unbuilt buildings and 200,000 FCFA for those built. The examples are legion and we can multiply them in neighborhoods like Odza, Ngousso, Simbock, Bastos etc. Support will be more commensurate with the various concerns of users with the assistance and technical-legal expertise of Nimmo-Auto, Real Estate Agency.