Comoros became the newest member of the Southern African Development Community (SADC), after joining in mid-2017. It is a poor country by standard measures of poverty with approximately 45 percent of the population living below the poverty line. The country is heavily reliant on foreign grants and technical assistance.
Adequate housing has become increasingly inaccessible over the past two decades; over half the urban population does not have access to adequate housing. Housing finance is also underdeveloped, and usually only offered to salaried employees or civil servants. The Comoran government has strategic key sector focuses and although interventions in the housing market have been limited, the planned focus on infrastructure development, especially construction, could help increase capacity for affordable housing and social housing construction.
The unmet demand for housing in Comoros presents itself as an investment opportunity, however various impediments to market growth are also evident.