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 2022 Angola country profile in English, click here.

Since 1974, private and foreign investment have been scarce in Angola’s housing sector. Commercial banks are hesitant to lend to real estate due to massive defaults and inefficient foreclosures.Bank of Angola: In July 2022, 15% of individual loans were for housing. The central bank created a mortgage and construction credit programme to promote homeownership. Angola lacks gender-disaggregated financial inclusion statistics, hindering growth.

Angola’s economy grew by 0.7% in 2021 after five consecutive years of recession. Government debt fell sharply to 79% of GDP in 2021 from 120% in 2020. In 2022 and 2023, Angola’s economy and finances should improve. This depends on oil prices and non-oil economic performance. The Bank of Angola aims to give 50% of the population basic financial services by 2022. Creditinfo Group will open Angola’s first credit agency. Nine banks in Angola offer mortgages, and 6200 people have them. Angola has a 32.9% unemployment rate and a 59.8% youth unemployment rate (ages 15 to 24). Half the population lives below Kz810 (US$1.90).

Few can afford mortgages. Low-income families choose between housing, childcare, healthcare, education, and food. Owner-builders deliver most of Angola’s housing stock. The informal sector provides land, labor, and building materials for 67% of Luandans’ self-built homes. According to surveys, piped water and electricity are less likely in rentals.

Slowly, the government has invested in new townhomes (centralidades). Few properties have “colonial” deeds or full legal ownership, despite legal protections. Outdated cadastres, housing, and real estate registers hinder urban land management. In the informal urban market, where houses are built and sold in stages, land tenure regularisation is crucial. Angola ranked 167th out of 190 countries in property registration in 2020.

IFC and KixiCrédito will study alternative building technologies for sustainable housing. Angola’s first regulated credit bureau will help banks lend. The World Bank’s Climate Change Knowledge Portal provides 1991–2020 data. Climate data gaps slow disaster planning. Angola has no green building standards or council. Angola aims to give 60% of the population renewable energy by 2025. 51% of urban homes have piped water, while 23% do not. In peri-urban areas, piped water and basic sanitation are rare.

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 2022 edition, which has up-to-date profiles for 55 African countries.

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