Housing Finance in Liberia

Overview

This profile is also available in French here.

To download a pdf version of a full 2020 Liberia country profile, click here.

The United Nations estimates the total population of Liberia at 5 057 681 as of 1 July 2020. The annual population growth rate of Liberia is estimated at 2.44 percent. However, the COVID-19 outbreak is likely to undermine this expected growth prospect for Liberia in 2020. The COVID-19 pandemic is hitting Liberia at a time when economic activity was already declining, private sector confidence is weak and the rate of inflation is estimated at 22.5 percent. The Liberian financial sector comprises registered commercial banks, foreign exchange bureaus, credit unions, rural community finance institutions, microfinance institutions, a development finance company, mobile money services, insurance companies, and registered credit unions.

The average interest rate on mortgage loan products offered by commercial banks in Liberia was 13.69 percent from Q2 2015 to Q1 2020.Over the past year the home construction finance market has also declined significantly. Commercial banks offer loans to salaried workers, and bank officials estimated that 60 percent to 70 percent of these loans are used for housing construction. However, salaried workers represent only a small segment of the Liberian population. The lack of funding in the housing sector remains a major constraint impeding access to decent housing in Liberia.

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