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Frequently Asked Questions
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What is LOGILIS ?
LOGILIS, a subsidiary of the COFINA Group, is a team of 10 qualified and involved employees, a network of experts specializing in all real estate professions, who support its clients throughout their residential and/or investment journey.
LOGILIS’ commitment through its achievements is to architecturally support the transformation of the city, to offer quality turnkey real estate products to meet the housing and real estate investment needs of classes, employees and entrepreneurs.
How to invest in real estate with LOGILIS ?
We offer various types of real estate in Ivory Coast for direct purchase, VEFA or by bank financing through our network of banking partners.
What investment options does LOGILIS offer ?
We offer various types of real estate in Ivory Coast, including:
• New apartments (studios, F2, F3, etc.).
• Villas and individual houses.
• Building land.
• Commercial premises and offices.
• Economic housing projects for employees, entrepreneurs and investors.
What payment terms does LOGILIS offer ?
Application fees
10% initial contribution and payment of the balance in installments
What security does LOGILIS guarantee to its customers ?
Financial capacity: Ability to structure and mobilize overall financing for the completion of each operation.
– Financial capacity: Ability to structure and mobilize overall financing for the completion of each operation.
– Secure land
– Ten-year guarantee: covers damage affecting the solidity of the building structure for 10 years after delivery.
– Guarantee of perfect completion: covers defects noted by the buyer within one year following receipt of the item.
– Guarantee of proper functioning: valid for equipment that can be separated from the building, for 2 years after delivery.
– Respect of execution deadlines
All our real estate projects are carried out by qualified companies and respect the standards in force in Ivory Coast. In addition, they are subject to rigorous controls, with guarantees such as the ten-year guarantee to protect your investment.
What additional costs should you expect when purchasing real estate ?
In addition to the purchase price, there may be:
• Notary fees (registration and deed fees).
• Guarantee or mortgage costs in the event of a real estate loan.
• Bank processing fees.
• Costs related to connections and services (electricity, water).
What is an approved real estate developer in Ivory Coast ?
An approved real estate developer is a developer officially recognized by the Ivorian State, in particular by the Ministry of Construction, Housing and Urban Planning (MCLU). Approval guarantees that the developer complies with current standards and has the necessary skills to carry out quality real estate projects.
What is VEFA (Sale in Future State of Completion) in Ivory Coast ?
The VEFA in Ivory Coast, as elsewhere, is a sales contract which allows the buyer to become the owner of a property before it is completely built. Payments are made in stages, depending on the progress of the work.
What are the delivery times for new real estate in Ivory Coast ?
Delivery times vary depending on the progress of the work at the time of purchase. As a general rule, for VEFA projects, deadlines vary between 12 and 24 months after signing the reservation contract.
What are the stages of purchasing a new property in Ivory Coast ?
1. Selection of the property (on-site visit or consultation of online offers).
2. Signature of a reservation contract and security deposit.
3. Search for financing and signing of the deed of sale with the notary.
4. Monitoring the progress of the work (as part of a VEFA).
5. Receipt of the property and handing over of the keys at the end of the work.
What are the conditions for obtaining a property loan in Ivory Coast ?
Ivorian banks generally require:
• A personal contribution: 10 to 20% of the purchase price is required.
• Stable income: A reasonable debt ratio is often requested, not exceeding 33% of monthly income.
• Borrower insurance: This insurance covers the risks of disability, death or loss of employment.
What are the advantages of buying new real estate in Ivory Coast ?
• Modern construction standards: New housing meets the latest standards in terms of thermal, acoustic and safety insulation.
• Reduced notary fees: In Ivory Coast, the purchase of a new property allows you to benefit from lower notary fees than those of an old property.
• Possibility of customization: By purchasing off plan, you can personalize certain finishes of the property.
• Schemes to promote social housing: There are facilities for the acquisition of social housing.
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