Housing Finance in Comoros

Overview

Comoros 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 Comoros is 10.5 percent, as of September 2016, and requires at least a 25 percent down payment. Cement prices are slightly lower than the continental average, at US$ 9.15 for a 50-kilogram bag.

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. The country lacks a deeds registry, while remittances are an important source of funds for housing. 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 Comoros can afford.

Find out more information on the housing finance sector of Comoros, 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.

Download yearbook
Neighbouring Countries Madagascar
View more
View more
Loading...