In Benin, real estate is considered as the most important asset. This is the reason why local Beninese, those of the diaspora and even some foreigners wish to invest in real estate in Benin. But this sector is a bit worrisome because potential investors are generally not aware of legal, financial and technical realities involved. They constantly wonder if it is a good idea and want to know what is exactly at stake. Yet, investing in real estate in Benin Republic is a good deal!
Here are good reasons for you to invest in real estate in Benin

Real Estate sector is a sector with great potential

You are willing to invest and make high profits, so no way to choose a wrong investment area at the risk of drastic losses. If you really want to minimize risks and optimize your chances of making profits, take advantage of the opportunity that real estate sector is offering you. This sector is booming all over the world and is revitalized everywhere. But where to invest then? Benin Republic is a good candidate for this project.

Real estate is booming in Benin Republic

In Africa, and more particularly in Benin, demographic boom is a concrete reality. This reality makes lodging in an adequate environment becoming more problematic for the population. And this is especially true in large cities such as Porto-Novo, Parakou and particularly the economic capital city Cotonou. There is a growing need for buying or building houses, renting apartments and buildings and so on.

In addition, the development of businesses creates the attractiveness of real estate sector in Benin and more precisely in Cotonou. Many companies and start-ups are created from everywhere in all sectors and all those structures certainly need a head office. That is what’s driving the demand for real estate.

Another aspect of real estate sector’s assets in Benin is the existence of several competent and structured real estate agencies. They are ready to assist you in your transactions in order to ensure a satisfactory return on investment. Real estate agencies create, if necessary, networks just to dig out the good deal for you. And the professionals that are involved are seasoned and master the wheels of the sector. Benin government also doesn’t ask to be coaxed before making its contribution.

Benin government involves itself much more in real estate sector management

Formerly managed more by amateurs than by professionals, real estate sector is rather revitalized nowadays. In fact, the government has adopted reforms favoring land security, deposit and rent regulations and so on. These measures have a positive impact on the quality of investment in Benin. Thanks to them, local and foreign investors are less exposed to the scam phenomenon. In addition, cases of litigation are considerably prevented because, the new reforms make it possible to define and situate responsibilities of the various actors involved in a real estate transaction.

Benin has a port that facilitates transactions with countries of the sub-region

The autonomous port of Cotonou represents an important asset for Benin. Thanks to this port, the country is open to several African markets, especially those of the sub-region. To invest in Benin is to give yourself the opportunity to exploit all those markets to which the port gives you access. It should also be noted that the country has revitalized the port for a better management; which will bring more opportunities to the country and its investors in general.

Investing in Benin Republic means having access to the big Nigeria and neighboring countries

Nigeria is today, the giant of Africa (not only in terms of area). African Development Bank has ranked Nigeria by far the richest African Country in 2018 with a GDP of 581 billion (source : www.afrikmag.com). It is therefore an enormous market open to Benin and its investors. Trade with that country are very developed and Benin welcomes more and more Nigerians for commercial purposes. Investing in real estate sector in Benin allows you to seize business opportunities and the huge profitability offered by the sector.
Admittedly, any good investment involves risks, however insignificant they may be, but real estate sector, it’s worth it and Benin Republic awaits you with open arms.
Faliratou OROU DAMA