Three reliable ways to invest in Real Estate in Côte d’Ivoire
Investing in Real Estate is a good way to make excellent profits. According to Afrique Économie, 99% of Ivorians considered real estate a safe form of investment. Indeed, real estate has proven to be one of the most profitable investment opportunities currently available in Côte d’Ivoire. Attracting a growing number of investors, both professionals and individuals, this activity offers an excellent return on investment, good tax advantages and is the best way to generate and preserve wealth. In Côte d’Ivoire, short-term returns are quite high in this sector and long-term gains are guaranteed. The purchase, ownership and sale of properties have made many people millionaires, helping them build their wealth and assets for future generations.
There are several ways to invest in real estate, each with its own advantages. In our monthly blog article, we will show you different ways to invest in Real Estate in Côte d’Ivoire, some of the best investment opportunities and how MAM Consulting can help you find lucrative Real Estate deals and become a Real Estate investor.
Here are three reliable ways to invest in Real Estate :
The purchase of residential properties
This method consists in buying Real Estate properties (houses, apartments, etc.) and renting them afterwards. With rental properties, you can generate passive income, which means with no real effort. They allow you, at the same time, to create wealth. Investors collect the rent from tenants and benefit from its increase over time.
Real Estate development – purchase of land and building of a house
By adding value to a piece of land, by building a house for example, you make more profit than by simply selling the land as it is. This is what is called Real Estate development, giving its maximum value to a property for resale.
Commercial Real Estate Purchase
Commercial Real Estate is more profitable than residential Real Estate, as commercial properties produce higher and attractive returns. However, this type of Real Estate requires more financial means and skills, so it is better to collaborate with other investors.
To help you get started on your next Real Estate investment adventure, here are a few hand-picked properties with excellent value that are currently available in our portfolio :
- The Carrefour Azuretti Project on the road of Bassam where you will find housing offers in a booming area from 32,500,000 FCFA for apartments and 51,000,000 FCFA for turnkey villas ;
- Plots of 400 to 450m2 of land not far from the Abidjan-Bassam motorway in the village of Modeste ;
- A 4-room apartment with an area of 100m2, located in Plateau and offering stunning views of the lagoon and Pont De Gaulle.
We hope this article will inspire you as you consider your next investment choice. Despite the concerns surrounding the upcoming elections, many of the country’s Real Estate stakeholders are busier than ever, a strong sign that pre-election anxiety should not be a determining factor in your thoughts on Real Estate investment. You can count on MAM Conseil to support you in consulting, tracking and management of your next purchase.