Housing Finance in Congo, Republic of the


For the French version of this country profile, click here.

To download the full pdf version of 2018 Congo Republic profile, click here.


Congo is a rapidly urbanizing country with 60 percent of its population living in the main cities of Brazzaville and Pointe-Noire.


Congo’s formal financial system is not well developed. Construction costs in the urban and semi-urban areas are high and increasing. With a limited number of banks and less than 10 ATMs per 100 000 people, local credit is expensive.  Because opening a bank account is too cumbersome a process, a great portion of the population tends to informal savings.  Congo’s microfinance sector is    thriving with 75 microfinance institutions.

Nevertheless, the mortgage finance market is still in its infancy but has a huge potential for growth. Few banks provide medium-term and long-credit. Nearly 70 percent of loans in Congo require collateral which sometimes exceeds the value of the loan.

Construction costs in the urban and semi-urban areas are high and increasing. In the rural areas, the construction costs are lower as most of the houses are built with substandard materials such as locally made sun-dried clay bricks.

The demand for housing has increased without a subsequent increase in supply. This increasing mismatch between demand and supply for housing continues to push up house prices both for ownership and rental. The number of new housing units that enter the market annually for rental and ownership is insufficient to meet the demands of the increasingly urbanized population and the growing middle and upper-class population. Additionally, the country’s real estate sector has suffered the negative impacts of the national economic crisis. Social housing development and the rental market are in decline.

Despite numerous constraints, Congo’s construction industry currently enjoys a favourable climate for its development due to the accelerated municipalisation policy and the modernisation of social habitats. Public-private partnerships promise new projects that will addressing Congo’s housing challenges.

Find out more information on the housing finance sector of Republic of Congo, 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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