Housing Finance in Cameroon


Cameroon has a growing 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.

The lowest recorded interest rate on a mortgage in Cameroon is four percent, as of September 2016, and requires at least a 10 percent down payment. The cheapest newly built house by a developer recorded by CAHF is US$ 20 246, which is for a 200 square metre unit. Cement prices are lower than the continental average, at US$ 7.60 for a 50-kilogram bag.

With an urbanisation rate of 3.52 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 as the current average microloan size is only US$ 43. The country currently has an annual housing backlog of 100 000 units. In terms of housing constuction, the state-owned Société Immobilière du Cameroun (SIC) is a major market player; Crédit Foncier du Cameroun (CFC) is is the top mortgage bank in the country. 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 Cameroon can afford.

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

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2016 edition, which has up-to-date profiles for 51 African countries.

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