Property Investor information: Congo
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Property Investor information for: Congo
Upon independence in 1960, the former French region of Middle Congo became the Republic of the Congo. A quarter century of experimentation with Marxism was abandoned in 1990 and a democratically elected government took office in 1992. A brief civil war in 1997 restored former Marxist President Denis SASSOU-NGUESSO, but ushered in a period of ethnic and political unrest. Southern-based rebel groups agreed to a final peace accord in March 2003, but the calm is tenuous and refugees continue to present a humanitarian crisis. The Republic of Congo was once one of Africa's largest petroleum producers, but with declining production it will need to hope for new offshore oil finds to sustain its oil earnings over the long-term.
Congo is currently not recommended by The Property Investor Magazine for foriegn Property Investment due to this countries political and or economic situation.