Yamoussoukro is experiencing an unprecedented real estate boom, transforming its landscape and sparking both excitement and concern. The capital is emerging as a new hub for property investment in Côte d’Ivoire, with soaring land values and a flurry of construction projects reshaping the urban fabric.
Investors flock to Yamoussoukro’s property market
From his drone, real estate agent Francis Djaha showcases parcels of land he’s selling to potential buyers. With the Basilica of Our Lady of Peace as a backdrop, dozens of plots are neatly demarcated. Prices for these plots range between 15 and 40 million CFA francs, depending on location and size. Djaha has noticed a surge in interest: «We’re seeing individuals seeking residential plots, industrialists, commercial investors looking for office spaces, agricultural buyers, and even those interested in move-in ready homes.»
The city’s appeal stems from more than just available land. «Yamoussoukro’s wide roads make navigation effortless, and the city maintains a peaceful atmosphere. The infrastructure built by President Houphouët-Boigny sets it apart from other cities. Plus, its central location offers unparalleled accessibility—from here, you can reach anywhere in Côte d’Ivoire with ease», Djaha explains.
Farmland under pressure
This real estate frenzy is attracting buyers from Abidjan, other Ivorian regions, and the diaspora. One entrepreneur, who prefers to remain anonymous, shares his vision: «Our goal is to develop a residential project to serve the community.» He recently acquired a plot and is already planning next steps.
However, the transformation is encroaching on agricultural lands. Michel N’Goran, advisor to the village chief in Séman Sanhourikro near Yamoussoukro, voices growing concerns: «With these land subdivisions, we can no longer cultivate. In 30 to 50 years, the fate of the Akouès and Nanafouès people could mirror that of the Ebriés in Abidjan—we may lose all cultivable land.»
The national development plan includes a high-speed train linking Abidjan to Yamoussoukro in just 45 minutes, further boosting the capital’s appeal. While this promises economic growth, it also raises critical questions about land use and sustainable development in the region.
