Real Estate in Ivory Coast
Last updated on Feb 10, 2024
Summary: An expat looking to buy a home in Ivory Coast should start by researching the local real estate market. They should look for reputable real estate agents and brokers who can provide information on available properties and help them find the right home for their needs. Foreigners are allowed to own property in Ivory Coast, but they must obtain a permit from the Ministry of Interior and Security. Homes in Ivory Coast typically include amenities such as air conditioning, hot water, and internet access. Many homes also have private gardens, balconies, and terraces. Some homes may also include a swimming pool, a garage, or a security system.
How do I find a place to live in Ivory Coast?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"If you are looking for a place to live in Ivory Coast, there are a few options available. You can search online for rental properties, or contact a local real estate agent who can help you find a suitable place. You can also look for furnished apartments or houses for rent in the major cities such as Abidjan, Bouaké, and Yamoussoukro. Additionally, you can look for shared accommodation with other expats or locals. Finally, you can also look for short-term accommodation such as hostels or guesthouses," remarked one foreigner who made the move to Ivory Coast.
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What is a typical expat home or apartment like in Ivory Coast?
"Expat homes and apartments in Ivory Coast tend to be modern and comfortable, with air conditioning, internet access, and other amenities. Many expats choose to live in the city center, where they can be close to restaurants, shops, and other attractions. Expat homes and apartments often have balconies or terraces, allowing for outdoor living and entertaining. Security is also a priority for many expats, and many homes and apartments have security guards and gates," said one expat in Ivory Coast.
What is the average cost of housing in Ivory Coast?
If you are thinking about moving to Ivory Coast, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Ivory Coast varies depending on the location and type of accommodation. Generally, rental prices for apartments in the city centre are higher than those in the suburbs. Prices for furnished apartments range from moderate to expensive, while unfurnished apartments tend to be more affordable. Additionally, the cost of housing in rural areas is usually lower than in urban areas," said one expat who made the move to Ivory Coast.
Should I buy or rent a home in Ivory Coast?
If you have not spent a lot of time in Ivory Coast, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"When deciding whether to buy or rent a home in Ivory Coast, it is important to consider the cost of living, the availability of housing, and the local economy. Buying a home in Ivory Coast can be a great investment, as property values are likely to increase over time. However, it is important to consider the cost of purchasing a home, including the cost of a mortgage, taxes, and maintenance. Renting a home in Ivory Coast can be a more affordable option, as it does not require a large upfront investment. Additionally, renting can provide more flexibility, as it is easier to move if needed. Ultimately, the decision to buy or rent a home in Ivory Coast should be based on individual needs and preferences," explained one expat living in Ivory Coast.
What do I need to know when buying property in Ivory Coast?
When we asked expats what advice they would give a foreigner before buying a property in Ivory Coast, they said:
"1. It is important to research the local laws and regulations regarding property ownership in Ivory Coast before making any purchase. 2. It is advisable to hire a local lawyer to assist with the purchase process and to ensure that all legal requirements are met. 3. It is important to obtain a title deed for the property, which will provide proof of ownership. 4. It is important to be aware of the local taxes and fees associated with purchasing property in Ivory Coast. 5. It is important to be aware of the local customs and traditions when purchasing property in Ivory Coast. 6. It is important to be aware of the local infrastructure and services available in the area where the property is located. 7. It is important to be aware of the local security situation in the area where the property is located," said one person in Ivory Coast.
Are foreigners allowed to own property in Ivory Coast?
When we asked expats what advice they would give a foreigner before buying a property in Ivory Coast, they said...
"Foreigners are allowed to own property in Ivory Coast, but there are certain restrictions in place. Foreigners are not allowed to own land, but they can own buildings and other structures. Foreigners must obtain a permit from the Ministry of Interior in order to purchase property in Ivory Coast. The permit must be renewed every five years. Additionally, foreigners must have a valid residence permit in order to purchase property in Ivory Coast," said one in Ivory Coast.
What appliances are typically included in a rental?
We asked foreigners in Ivory Coast what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In Ivory Coast, rental properties typically include a refrigerator, stove, oven, and washing machine. Other common appliances may include a microwave, dishwasher, and air conditioning unit. Depending on the property, additional amenities such as a clothes dryer, water heater, and garbage disposal may also be included," said one person in Ivory Coast.
Additional Information about Searching for a Home in Ivory Coast:
We asked foreigners in Ivory Coast what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats can search for homes in Ivory Coast by looking online for real estate listings, contacting local real estate agents, and asking other expats for recommendations. They can also search for rental properties on websites such as Airbnb and HomeAway. Additionally, expats can look for housing options in newspapers, magazines, and other publications," said one expat in Ivory Coast.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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