Property Prices in Conakry, Guinea

Find out actual data about & Safety Index in Conakry, Guinea

Price to Income Ratio 0.87
Mortgage as Percentage of Income 7.06%
Loan Affordability Index 14.16
Price to Rent Ratio – City Centre 2.62
Price to Rent Ratio – Outside of Centre 4.23
Gross Rental Yield (City Centre) 38.10%
Gross Rental Yield (Outside of Centre) 23.62%
country data (source The World Bank, 2021)
GDP Per Capita ($) 2,562.00
GDP Growth Rate 8.20%
Population Growth Rate 2.76%

Rent Per Month in Guinea

Apartment (1 bedroom) in City Centre 540.38$ 200$ – 1200$
Apartment (1 bedroom) Outside of Centre 300$ 200$ – 400$
Apartment (3 bedrooms) in City Centre 1350$ 900$ – 3081.36$
Apartment (3 bedrooms) Outside of Centre 1072.38$ 700$ – 1689.5$

Buy Apartment Price in Guinea

Price per Square Meter to Buy Apartment in City Centre 363.49$ 226.97$ – 500$
Price per Square Meter to Buy Apartment Outside of Centre 400$ 0$ – 0$

Salaries And Financing in Guinea

Average Monthly Net Salary (After Tax) 2205.56$ 0$ – 0$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5.36$ 0$ – 0$

These data are based on 2786 entries in the past 21 months from 32 different contributors.

Last update: August 2023

Our data for each country is based on all entries from all cities in that country.

Property Prices in Conakry in 2023 and 2024 Prediction

Housing costs are an important factor for quality of life in Conakry. According to statistics, the average price per square meter of property in Conakry is around 363$
in the city center and 300$ in outskirts. Rental prices for a one-bedroom apartment in the city center average 540$ per month.
Property price growth has stabilized in recent years, making housing similarly affordable. Rental yields range from 4%.
While carrying some premium over national averages, overall housing in Conakry remains reasonably priced compared to similar sized cities globally.
This reduces disposable income and cost of living for residents.

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