Housing Finance in Angola


This profile is also available in French here.

In Portuguese please click here.

To download a pdf version of the full 2021 Angola country profile in English, click here.

Angola has a population of approximately 31 million people and a growing urban population that is placing considerable strain on the country for providing adequate housing. The Government of Angola’s (GdA’s) National Urbanisation and Housing Programme (PNUH) sought to deliver one million houses as part of the country’s post-war reconstruction. The PNUH has supplied only 43 861 units between 2015 and 2021. The GdA efforts to implement its housing projects are reflected in the decrease in the percentage of the population living in slums (from 65% in 2010, to 47% in 2018). However, despite these efforts, over 67% of Luanda’s population continue to live in self-built housing, constructed with “people’s own resources and savings, often with a lack of adequate and affordable basic public services, and on land for which they do not have formal titles.” In urban areas, most construction investments have benefited the middle- and high-income class, and excluded low-income segments of the market.

The oil sector accounts for more than half of gross domestic product (GDP), 90% of exports, and is also the main source (75%) of the country’s fiscal revenues. Falling oil prices (since 2014) continue to worsen the country’s socio-economic fabric and financial landscape. Measures to diversify the economy and reduce reliance on oil have been at the center of government policy, and are crucial for housing sector growth. For five consecutive years (2016-2020) Angola was in recession, and this was aggravated by COVID-19 and the resulting global economic disruptions. The housing market and private sector, in particular, were immediately exposed to the negative economic environment. The residential sector in Luanda, for example, is highly dependent on the expatriate market and is, in the absence of foreign investment, is facing high vacancy rates.

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

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2021 edition, which has up-to-date profiles for 55 African countries.

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