Acquire sound first apartment in Dakar represents a moment exciting, rich in opportunities but also in strategic decisions. Whether you are a young asset or an investor first buyer, understanding every step of this real estate project is essential to succeed your acquisition in all trust And serenity.
Define budget and criteria
The first step is to establish a realistic budget based on your income, savings capacity and financial profile. It is crucial to assess the total project cost : price of the property, notary fees, taxes, condominium charges and possible renovation works. In parallel, determine your priority criteria: location (Dakar Plateau, Almadies, Fann Residence), type of apartment (studio, T2, T3), minimum area, orientation and services (security, parking, elevator). A clear definition of your needs makes it easy to search and target relevant ads, saving time and energy. Also think of integrating a safety margin to deal with financial contingencies, such as an increase in interest rates or additional charges. Assess your debt capacity with a maximum effort rate of 30% of your net income.
Search the right property
Research ideal accommodation requires a structured strategy. Use Senegalese real estate portals recognized as Heart-Immo, which offer a multitude Apartments for sale in Dakar, consult specialized social networks and use a local real estate agent to access an exclusive portfolio. During visits, carefully inspect the construction quality, sound insulation, brightness and general condition of the equipment. Also analyze the environment: proximity to transport, schools, shops and security of the neighborhood. Take photos, note the strengths and weaknesses of each property and request a breakdown statement to verify regulatory compliance. Consider the possibility of buying as part of a VEFA (Sale in the State Future of Completion) to benefit from building guarantees, tax advantages and personalisation of housing before delivery.
Finance your purchase
Funding is often a key issue for first-time applicants. Compare offers for Real estate loans to several Senegalese banks to obtain the best rate and the most advantageous conditions. Check eligibility criteria, repayment period, fixed or variable rate, file fees and required guarantees (mortgage or bank guarantee). Prepare a complete file: recent payroll, bank statements, proof of identity and employment certificate. Consider negotiating borrower insurance to reduce the total cost of the credit. Study specific aid schemes in Senegal, such as the Housing Guarantee Fund, which can facilitate access to credit for first-time applicants. Note, however, that rates can be high, often around 8%. The property must also hold land title or minia, an emhytheotic lease.
The signature of the sales compromise
The sales compromise formalizes the agreement between buyer and seller. This document commits both parties and details the suspensive conditions, the selling price, the calendar and the amount of the security deposit (usually 5 to 10% of the price). Use a notary to verify the absence of charges or mortgages on the property and to draft a clear contract protecting your interests. Review all clauses, including time limits, late penalties and terms of withdrawal. Beware of the statutory withdrawal periods (usually 10 days) which allow you to waive the purchase without penalty, provided you comply with the procedure.
The signature of the authentic act
The signature ofauthentic act at the notary is the last legal step that formalizes your property. You will have to pay the balance of the price as well as notary fees (about 7 to 8% of the amount). The notary then proceed with the land registration formalities and give you the copy of the authentic document, guaranteeing your title. After signing, ask the notary for a mortgage statement to verify that no charge was entered on the property between the signature and registration.
Post-purchase accommodation and management
After recovering the keys, prepare your move by subscribing to a Home insurance, by taking steps to open subscriptions (water, electricity, internet) and registering with the condominium. Plan interior design according to your budget and your needs to transform your apartment into one comfortable living space. Don't forget to update your address to the administrations (taxes, social security) and provide a budget for any renovation or renovation work.
Tips to optimize your real estate investment in Dakar
Investing in real estate in Dakar is a strategic decision that can offer an attractive return. To maximize the profitability of your acquisition, focus on developing neighbourhoods where rental demand is strong, such as Diamniadio, Ngor or emerging areas on the Petite Côte. Study the local rental market to estimate potential rent and calculate net profitability, taking into account expenses and taxes. Think about diversifying your sources of financing by combining personal contributions, bank loans and public grants. Finally, maintain your property regularly to maintain its value and seduce quality tenants, while benefiting from the leverage of credit to build a sustainable heritage.
Congratulations Hey! You now know the key steps to buy your first apartment in Dakar. By rigorously following these advices and surrounding you with competent professionals (real estate agents, notaries and financial advisors), you maximize your chances of concluding a successful and serene transaction.
Follow local real estate news and consult market reports to stay at the forefront of information. The success of your project will depend on your preparation, your network and your ability to anticipate market developments.
Don't forget to keep track of your case and consult an expert to adjust your strategy according to the market.
