Property Prices in Cotonou, Benin

Find out actual data about & Safety Index in Cotonou, Benin

Price to Income Ratio 90.91
Mortgage as Percentage of Income 719.95%
Loan Affordability Index 0.14
Price to Rent Ratio – City Centre 170.02
Price to Rent Ratio – Outside of Centre 83.88
Gross Rental Yield (City Centre) 0.59%
Gross Rental Yield (Outside of Centre) 1.19%
country data (source The World Bank, 2021)
GDP Per Capita ($) 3,287.00
GDP Growth Rate 5.60%
Population Growth Rate 3.36%

Rent Per Month in Benin

Apartment (1 bedroom) in City Centre 175.18$ 58.86$ – 336.35$
Apartment (1 bedroom) Outside of Centre 128.93$ 42.04$ – 252.26$
Apartment (3 bedrooms) in City Centre 521.34$ 252.26$ – 756.78$
Apartment (3 bedrooms) Outside of Centre 267.68$ 126.13$ – 420.43$

Buy Apartment Price in Benin

Price per Square Meter to Buy Apartment in City Centre 8408.66$ 0$ – 0$
Price per Square Meter to Buy Apartment Outside of Centre 2522.6$ 0$ – 0$

Salaries And Financing in Benin

Average Monthly Net Salary (After Tax) 300.61$ 0$ – 0$
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 5$ 0$ – 0$

These data are based on 2793 entries in the past 31 months from 80 different contributors.

Last update: August 2023

Our data for each country is based on all entries from all cities in that country.

Property Prices in Cotonou in 2023 and 2024 Prediction

Housing costs are an important factor for quality of life in Cotonou. According to statistics, the average price per square meter of property in Cotonou is around 8408$
in the city center and 128$ in outskirts. Rental prices for a one-bedroom apartment in the city center average 175$ per month.
Property price growth has risen in recent years, making housing less affordable. Rental yields range from 4%.
While carrying some premium over national averages, overall housing in Cotonou remains reasonably priced compared to similar sized cities globally.
This increases disposable income and cost of living for residents.

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