Investment Property in Abidjan

Investment Real Estate in Abidjan

Abidjan property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Abidjan .

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Search Map of Abidjan Investment Real Estate

Abidjan ( AB-ih-JAHN, French: [abidʒɑ̃]; N’ko: ߊߓߌߖߊ߲߬) is the economic capital of Côte d’Ivoire and one of the most populous French-speaking cities in Africa. According to the 2014 census, Abidjan’s population was 4.7 million, which is 20 percent of the overall population of the country, and this also makes it the sixth most populous city proper in Africa, after Lagos, Cairo, Kinshasa, Dar es Salaam, and Johannesburg. A cultural crossroads of West Africa, Abidjan is characterised by a high level of industrialisation and urbanisation.

The city expanded quickly after the construction of a new wharf in 1931, followed by its designation as the capital city of the then-French colony in 1933. Abidjan remained the capital of Côte d’Ivoire after its independence from France in 1960. The completion of the Vridi Canal in 1951 enabled Abidjan to become an important sea port. In 1983, the city of Yamoussoukro was designated as the official political capital of Ivory Coast. However, almost all political institutions and foreign embassies continue to be located in Abidjan.

Because Abidjan is also the largest city in the country and the centre of its economic activity, it has officially been designated as the “economic capital” of the country. The Abidjan Autonomous District, which encompasses the city and some of its suburbs, is one of the 14 districts of Ivory Coast.

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The financial stability of Abidjan has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Abidjan

Renting out your Abidjan buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Abidjan are – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Abidjan and be prepared to change your initial outlook.
Thoroughly research the Abidjan location with a special emphasis on fringe areas outside the main Abidjan metropolis that may be valued lower than their better-known neighbors. Rental yields of around 5% are still attainable in certain areas of Abidjan.
Ensure that your target investment property in Abidjan appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Abidjan properties yourself is an easy option, but are these savings justifiable when you run into Abidjan red tape? Physis Realty Abidjan office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Abidjan buy-to-rent sector.

With our expert guidance, investing in Abidjan provides the secure knowledge that your money is working harder than it would in a local Abidjan bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Abidjan, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Abidjan property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Abidjan

Flipping property in Abidjan

Flipping property is when we advise clients to buy a Abidjan property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Abidjan market has a time to react to the renovation.

The Flipping Strategy in Abidjan

Investment property flipping in Abidjan is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Abidjan real estate investments are sometimes referred to by professionals as ‘distressed’ Abidjan real estate.

What is distressed Abidjan property:

Abidjan property in need of renovation
Abidjan real estate with a change of purpose and use
Oversold Abidjan property
Bank repossessions in Abidjan

Put simply, long term investors in Abidjan purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Abidjan investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Abidjan property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Abidjan use a minimum profit value of 22% when looking at potential Abidjan projects. The reason for this is because there are lots that can go wrong in Abidjan property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Abidjan

For luxury property investors hoping to add a superb property in Abidjan to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Abidjan, Physis Realty caters particularly to high net-worth individuals and families. A luxury real estate investment in Abidjan should be entrusted to only the highest-quality agency.

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