Housing Finance in Cameroon

Overview

For the French version of this country, click here.

To download a pdf version of the full 2018 Cameroon country profile, click here.

Cameroon’s financial system is the largest in the CEMAC region. Although it boasts an estimated 412 licensed microfinance institutions, liquidity is a major challenge. The domination of its financial sector by foreign commercial banks impedes access to finance as these banks prefer lending to government, multinationals and businesses. Only 15 percent of Cameroon’s population bank with commercial banks. Approximately five percent of Cameroonians have access to mortgage finance from the formal private banking system. Cameroon’s long-term credit market remains underdeveloped. Only about five percent of Cameroonians have access to mortgage finance from the formal private banking system.

With a population growth rate of 2.62 percent and an urbanisation growth rate of 3.63 percent in 2017 Cameroon is 56.4 percent urbanised. The challenge is to provide housing for this growing and urbanising population, almost half of which live in informal dwellings and settlements. Average rental prices for three-bedroom accommodation range from CFA 60 000 (US$108) to CFA 125 000 (US$225) on average in urban and semi-urban areas respectively. As the middle class grows, and rate of urbanisation increases, there is a shift from ownership towards rentals especially for first time or new entrants in the urban and semi-urban areas. As the middle class grows, and rate of urbanisation increases, there is a shift from ownership towards rentals especially for first time or new entrants in the urban and semi-urban areas. Despite ongoing efforts towards increasing housing supply, Cameroon’s housing backlog is still significant. Government, private companies and individual investors (both local and in the diaspora) are looking to overcome the growing deficit of more than 100 000 units a year through ongoing investments in housing.

Cameroon’s housing sector continues to attract investment as there is a huge need for housing in all segments of the market and housing value chain. With economic growth, a huge and increasing housing backlog in all segments of the housing market, growing middle and upper classes, increasing capital inflows from Cameroonians in the diaspora and other international investors, increased local investment and better legislation and reforms, the housing market is destined for sustainable growth.

Find out more about information on the housing finance sector of South Africa, 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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