Housing Finance in Niger

Overview

Niger 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.

The lowest recorded interest rate on a mortgage in Niger is eight percent, as of September 2016, and requires at least a 10 percent down payment, with the average mortgage size being US$ 12 804. The cheapest newly built house by a developer recorded by CAHF is US$ 12 804. Cement prices are higher than the continental average, at US$ 9.39 for a 50-kilogram bag.

With an urbanisation rate of 5.44 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. More recently, the government has introduced policies that are intended to induce the private sector to participate in developing housing. These initiatives include public private partnerships and facilitating access to land for developers. The construction of low income houses such as the Sary- Koubou project, in Niamey, which is financed by government, is a good example of recent progress. 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 Niger can afford.

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

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