Housing Finance in Cote d’Ivoire

Overview

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.

The lowest recorded interest rate on a mortgage in Cote d’Ivoire is 5.5 percent, as of September 2016, (and requires at least a 10 percent down payment). The average mortgage size being US$ 8 536. The cheapest newly built house by a developer recorded by CAHF is US$ 8 536. Cement prices are lower than the continental average, at US$ 9.26 for a 50-kilogram bag.

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 2016 edition, which has up-to-date profiles for 51 African countries.

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