Housing Finance in Guinea


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

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

Guinea is a member of the Economic Community of West African States (ECOWAS) and has one of the poorest populations in the world according to UNDP Human Development Index score of 0.414, ranking 153 of 190 countries. This clearly undermines the number of household that have access to adequate housing. Most people with an income band below GNF 1 million (US$ 111) can afford slums, those below GNF five million (US$555) can afford F2, those with less than GNF 10 million (US$1110) can afford F3 and people with higher incomes can afford F4. In cities such as Conakry where population growth is constantly increasing, there is a disturbing development of slums but no move to make-shift housing yet. The gap between housing supply and demand is a critical issue.

To promote access to land and decent housing in Guinea, the government of Guinea has set policies and reforms on financing options and property rights including homeownership and landownership. With a more stable political situation and vital structural reforms underway, Guinea offers exciting opportunities for investment and is well-placed to finally reap the benefits of its huge economic potential. The most dynamic sectors in Guinea are mining and agriculture. The government recognises the need for housing development and investment in basic infrastructures which remain the most pressing needs in today’s Guinea.

Find out more information on the housing finance sector of Guinea, 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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