The African continent, particularly sub-Saharan Africa, is characterised by the enormous differentiation in the economies of South Africa and the rest of the continent. This is also evident in the housing market and developments in housing finance and delivery. The housing market is very well developed in South Africa, despite severe challenges in the low-income housing market.
However, the market is not well developed in most other parts of Africa, with the exception of Ghana where there is a developing mortgage market. Other parts of Africa are still developing policies and mechanisms for housing delivery, with a virtually non-existent mortgage market.
