Housing Finance in Cote d’Ivoire


Cote d’Ivoire has a growing housing finance sector. As the mortgage market does not yet meet the breadth of the population who might afford a mortgage, most households still finance their housing independently, with savings or non-mortgage credit. According to the African Development Bank, economic growth was at 8.4 percent in 2016 in spite of a slow decline in agricultural output and projected to slow down to 7.3 in 2017 as agricultural exports decline.

Rapid urbanisation, low minimum salary, and the inequalities in social infrastructures have accelerated urban poverty and slums in the cities especially in Abidjan where 19.4 percent of the population live, according to the 2014 censure.With an urbanisation rate of 3.73 percent, demand for affordable housing will remain strong, both for rental and purchase. Housing microfinance will play an important role in increasing the supply of housing, and efforts to increase access should be undertaken.

UNACOOPEC-CI is the largest MFI and offer a product called ‘Prêt Habitat’ which enables borrowers to buy land, build or purchase a house as well as the ‘Coopec Diaspora’ product targeted at the Ivoirian diaspora. SOGEPHIA and SICOGI are the two public companies responsible for housing development and property management.  With a good macroeconomic environment, sound policy, better data and increased access to affordable credit, an enabled housing market can increasingly provide housing that the average household in Cote d’Ivoire can afford.

Find out more information on the housing finance sector of Cote d’Ivoire, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2018 edition, which has up-to-date profiles for 54 African countries.

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