The real estate market is the meeting (real and virtual) between the supply of real estate of the owners and the demand of the buyers. It includes residential, rental, new, old, etc. real estate.
It represents an essential sector in the economy, thanks to multiple interconnections with other branches, including construction (BTP), banking, insurance, building materials industries (iron, cement, plumbing, electricity, etc.).
In Benin, this sector is undergoing major changes. Market dynamism is mainly driven by public investment in road infrastructure, new land use planning policies and, more recently, reforms to existing regulations (the law on rental leases limiting the amount of the deposit to 3 months' rent, the regulation of land sale prices, etc.).
CJEA