Housing Finance in Sierra Leone


This profile is also available in French here.

To download a pdf version of the full 2019 Sierra Leone country profile, click here.

The economic climate in Sierra Leone is volatile, with high inflation rates and a declining GDP per capita. As a consequence, housing affordability and tenure security are matters of concern in the country. Moreover, the rising number of people belonging to the low-income bracket has meant that the urban poor fall victim to the unfair practices of the property market which seek to benefit the rich and disempower the poor from reclaiming their housing rights. Overall, financial inclusion has been limited, however, the recent increase in the number of residents who use mobile money has made the country’s financial sector more inclusive. Further, microfinance institutions are considered as key drivers of access to finance in rural areas.

The land administration system in Sierra Leone is complex because it uses a dual system which considers the interests of both customary and freehold tenure. The varying profiles of people who are found in the country and their beliefs make it difficult to establish a single system of determining how property rights will be secured the country. Further, the urban planning policies in the country are weak, thus heightening the vulnerability of the poor in housing and land related matters. Ineffective legislation has resulted in the creation of unproductive spaces (through the proliferation of urban sprawl) which could be seen as an opportunity for future investments.

Find out more information on the housing finance sector of Sierra Leone, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2019 edition, which has up-to-date profiles for 55 African countries.

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