The property market in Comoros
The property market in Comoros

The property market in Comoros

The property market in Comoros: While poverty levels have fallen in both rural and urban areas, this decrease has been more significant in urban areas. In 2014, 62.4 percent of the population, or about 31,000 people, were living below the poverty line.

Nevertheless, the demand for up-market properties is increasing, mainly due to the increasing demand created by foreigners in Comoros, Africa. In addition, several factors have contributed to the increase in residential and commercial property ownership, including international aid, increased tourism, and the nation’s relations with France, Saudi Arabia, and its Persian Gulf allies.

In 2020, the cheapest, newly built house of the size of 100m² in an urban area by a formal developer or contractor is priced at CF30 000 000 (the US $ 72 782). The typical monthly rental price for the cheapest, newly built house by a formal developer or contractor in an urban area is CF200 000 (the US $ 485).

The minimum size of residential plots in urban areas is 300 square meters. Rent for a three-bedroom apartment ranges between CF451 114 (US $ 1 000) and CF676 671 (US $ 1 500) per month.

Those making substantial investments in the country are eligible to apply for Comorian nationality under the Foreign Economic Citizenship Act, 2008. The World Bank Doing Business 2020 report ranks Comoros at 113 for property registration, compared to 114 in 2019.

Four are involved in this process. Processes and completions take about 30 workdays. The cost is about 7.6 percent of the property value. In dealing with construction permits, Comoros ranks 101st and has 11 processes, but a waiting period of about 107 days.

Availability of data on housing finance

Financial sector information is published on an annual basis by the Central Bank of Comoros. In addition, the Central Bank of Comoros publishes on its website a quarterly bulletin composed of three parts: the main quantitative indicators related to monetary, banking, and financial development, the development of a balance of opinion as a result of business surveys conducted by the bank in certain areas of activity. The Central Bank website is in French.

The Comoros Ministry of Agriculture, Fisheries, Environment, Area Planning, and Urban has the responsibility of publishing the overall administration and housing information of housing and related issues, however, its website is under construction and is not currently used. Vats can be done.

Given the limited access to information about housing in the country, some real estate agencies operating in the country can be a source of information about the state of the housing sector in the country.


Adequate housing for the urban population has become increasingly inaccessible over the past 20 years as domestic public funding for housing is only for public servants. Before the independence of Comoros, there was no attempt to solve the housing problem or to establish a clear program for housing.

Housing finance is mostly dependent on the private sector due to population growth, recurring socio-political-economic crisis, and global financial crisis. There are some housing loans provided by financial institutions in the property market in Comoros, but these are mostly available to residents of major cities.

Currently, housing loans are mostly available to private sector employees and senior civil servants. However, financial institutions are aiming to provide housing loans at a low cost. To this effect, it was recommended that a funding mechanism be established to partially mobilize the lack of public resources and to mobilize all participation to facilitate access to housing for more people.

By creating a Solidarity Fund in 2017, the loan remained primarily for non-productive purposes, with the housing industry accounting for only 2.5 percent of loans and 5.6 percent of construction. 

Housing supply

There are five housing structure types in the property market in Comoros: adobe, concrete, rough masonry, refined masonry, and wood. Of all the housing units, about 90 percent were owner-occupied, three percent rented and three percent rent-free. Housing in Comoros varies from a two-room structure covered with palm leaves to multi-story buildings made of stone and coral.

Three-quarters of the population lived in two-room houses with an area not exceeding 20m2. A housing survey conducted in 2014 by the Comoros government in collaboration with the United Nations Children’s Fund stated that 69 percent of households had electricity while 27 percent had landed. 

However, in 2020 it was reported that Comoros officials have progressed in recent years with several policy reforms and, among other things, strengthened the provision of electricity. About 98 percent of the population now has better sanitation systems and safer water.

Construction sector companies are focusing more on building private houses in urban areas than in public works. This means that housing construction, especially in rural areas, is mainly self-construction. It is therefore recommended that new construction methods be proposed that favor the use of available local materials while protecting the environment and ensuring sustainable development.

In 2016, the Ministry of Health, Solidarity, Social Security, and Gender Promotion announced that it would allocate one percent of its budget to build social housing and erect 50 housing units. In the absence of affordable housing supplied by the market, in 2014 a consortium of Iran proposed to build 5,000 housing units in three islands over four years as a follow-up to the UN-housing project.

Comoros Real Estate Market

The Union of Comoros was a French colony until 1975. This picturesque archipelago consists of three islands in the Indian Ocean, located between Mozambique and Madagascar: Anjuan, Grande Comore, and Moheli. The fourth, Mayotte, remained under French rule.

Poverty prevails in Comoros. It is one of the poorest and least developed countries in the world and is heavily dependent on subsistence farming and fishing. The changing quality of the land of each island along with the soil structure surrounded by lava makes agriculture difficult.

Since independence in 1975, there have been more than 20 coup and coup attempts in the country, some of which have the support of French mercenary Colonel Bob Denard. In 1997, the islands of Anjouan and Moheli declared unilateral independence, triggering fighting. In 2001, the Comoros Association was formed. The new constitution gave each of the three islands its own president and greater autonomy.

Each island president is in turn the vice president of the Comoros Union. The 2001 constitution also stipulates that the presidency of the union goes from one island to another in each new election. But this did not stop the fight.

Know complete information about The property market in Comoros at

Leave a Reply