Housing Finance in Cabo Verde


Cabo Verde has a developed housing finance sector. As the mortgage market does not yet meet the breadth of the population who might afford a mortgage, most households still finance their housing independently, with savings or non-mortgage credit. Mortgages were worth US$ 433 million in 2013, the equivalent of 22.15 percent of GDP in 2013. Cabo Verde has a housing deficit of 85 027 units, with one bedroom units going for around EUR 25 000, illustrating that there is space in the market for the development of more affordable units.

With an urbanisation rate of 2.33 percent, demand for affordable housing will remain strong, both for rental and purchase. Housing microfinance will play an important role in increasing the supply of housing, and efforts to increase access should be undertaken. With a good macroeconomic environment, sound policy, better data and increased access to affordable credit, an enabled housing market can increasingly provide housing that the average household in Cabo Verde can afford.

Find out more information on the housing finance sector of Cabo Verde, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2018 edition, which has up-to-date profiles for 54 African countries.

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