Housing Finance in Burundi

Overview

This profile is also available in French here.

To download a pdf version of the full 2019 Burundi country profile, click here.

Burundi is a predominantly agricultural economy, with the agricultural sector contributing nearly 40% of the country’s GDP and supporting over 90% of the population. The country’s economy has been on the recovery in the past years, after nearly two years of recession. Data on housing and housing finance in the country is scarce, though quarterly reports on the finance sector are provided by the Central Bank of Burundi. This provide information on levels of credit to the private sector.

Housing affordability in the country remains low, as a result of high rates of poverty, slow rates of GDP growth, and limited external funding support. Housing supply has been low, as in the past, the country was unable to attract large-scale property developers. With increasing political stability and economic recovery, housing development is increasing, particularly in the capital, Bujumbura. The country’s growing population however offers and opportunity for development, particularly in the production of affordable housing, and the development of innovative financial products that appropriate to income-levels in the country.

Housing supply has also been affected by lack of appropriately priced housing finance products, lack of supporting infrastructure for housing development. The housing and property sector are regulated under Burundi’s 2008 National Urban Planning and Housing Policy, which coordinates the management of water, environment, land and urban developments. Financial services have been extended deeper into the country with the introduction of agent banking. While this has expanded banking activities in these regions, it has not developed the credit and lending aspects, as these are still hampered by lack of credit-risk assessment infrastructure.

Burundi’s economy has been on a path of recovery, spurred by a return to political calm. The services, manufacturing and agro-processing sectors have recorded significant growth in the past year. With effective implementation of the IFAD financial inclusion project, the livelihoods of over 99 000 households engaged in the agricultural sector would be improved. This would have a catalytic impact on more than 92 percent of the population and as a result, all sectors of the economy.

Find out more information on Burundi’s housing finance sector, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2019 edition, which has up-to-date profiles for 55 African countries.

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