Housing Finance in Congo, Democratic Republic of the


Democratic Republic of Congo has a limited 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.

In early 2017 the International Finance Corporation, an institution member of the World Bank Group, and the MasterCard Foundation, signed a US$1 million agreement with FINCA, a local microfinance institution, to support the expansion of its digital financial services and access to credit for the low-income population and smallscale entrepreneurs.

The lowest recorded interest rate on a mortgage in Democratic Republic of Congo is 15 percent, as of September 2016, and requires at least a 20 percent down payment. The cheapest newly built house by a developer recorded by CAHF is US$ 40 000, which is for a 100 square metre unit. Cement prices are lower than the continental average, at US$ 7.00 for a 50-kilogram bag.

With an urbanisation rate of 4.37 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. There are few housing finance products for households, with only 0.5 percent of top the 60 percent of households having an outstanding loan in 2014. 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 Democratic Republic of Congo can afford.

Find out more information on the housing finance sector of Democratic 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.

Download yearbook
Neighbouring Countries Congo, Republic of the
View more
View more
View more