This country report for Seychelles, authored by Francesca Dier and Davina Wood, forms part of CAHF’s Housing Investment Landscapes series which aims to reduce information asymmetries on who makes investments in the African housing sector–why they are made, and how. With the intention of identifying and championing increased investment in affordable housing, the report includes insights into and analysis of investment activity in housing the depth and breadth of investment in Mauritius’ housing and housing finance sector. This project has collected data and highlights gaps and opportunities in the investment landscape.
The Seychelles is an island republic of about 115 islands in the western Indian Ocean. It is one of the world’s smallest countries with a youthful population, totalling 96 762 in 2018. In recent years, Seychelles’ economy has transitioned from an export-based to a service-oriented economy. In 2013, real estate and housing made up the second largest contribution of GDP, after tourism. The key challenges in Seychelles stem from the economy’s vulnerability to external shocks, resulting from its reliance on the global economy and tourism industry. In the housing sector, inequality and affordability are met by land scarcity and increasing housing demand. Public-private partnerships are an opportunity for private sector investment to finance housing development and alleviate the burden on the government for housing output and financing, as the cost of land and construction in the Seychelles has escalated in recent years.Download PDF