The seasonal rental boom

Abidjan, the “pearl of the lagoons”, has experienced real growth in the seasonal rental sector for several years, this phenomenon is due to several factors which transform the city and its suburbs into a real destination popular with both tourists and professionals traveling in Ivory Coast.

Babi, a growing destination.
The development of infrastructure and the improvement of security have greatly contributed to the attractiveness of Côte d'Ivoire and more particularly of Abidjan.. The Plateau business district, the popular beaches of Bassam and Assinie, the Banco National Park which is the green lung of the capital and the Bini estate attract more and more visitors.

 

The emergence of online rental platforms
The emergence and growing adoption of local platforms like Yancady.com and other alternatives have opened up new perspectives for property owners, these different platforms facilitate the connection of travelers with comfortable and secure accommodation which is often better suited to their needs than a stay in a traditional hotel.

An attractive and lucrative market for investors.
Local and international investors are increasingly turning to this type of accommodation, seeing seasonal rentals as a source of recurring income and a more flexible investment, this led to a real estate boom, particularly in municipalities such as the Plateau, Cocody, Marcory, Treichville and others, in these neighborhoods, furnished apartments have become a norm.

 

A popular alternative for short and long stays.
Professionals traveling to Abidjan increasingly favor seasonal rentals, this choice offers more freedom and comfort than a hotel stay, these furnished accommodations allow you to feel like “at home” with perks such as fitted kitchens, more spacious living spaces and on-demand services.

 

The economic and social impact.
The explosion of this market brings many benefits to the local economy, not only does it allow many owners to generate additional income, but it also creates jobs in the property management sector.

Challenges to overcome
However, this boom is not without challenges, market regulation, customer loyalty, the management of complaints and sometimes customers not respecting the rules and compliance with accommodation standards are all issues that must be addressed by professionals in the sector in order to maintain sustainable growth in this sector for the happiness of all !

Conclusion
The seasonal rental market in Abidjan is booming and offers countless opportunities for investors, real estate agencies and travelers, however, it is essential to find the right balance between the needs of the owners, tenants and the local community in order to continue to boost this sector in a positive way.

Akwaba in the land of hospitality.