Housing Finance in Cameroon


This profile is also available in French here.

To download a pdf version of the full 2020 Cameroon country profile, click here.

Cameroon is a country located in Central and West Africa along the Atlantic Ocean. It is bordered to the northeast by Chad; to the west and north by Nigeria; the east by Central African Republic; and to the south by Equatorial Guinea, Gabon and the Republic of the Congo. Cameroon has a population of just over 25 million, it recorded a yearly population growth rate of 2.59 percent in 2020.

The country is classified as one of the world’s least developed countries and is considered a lower middle income country. Despite this, Cameroon has recorded fairly robust Gross Domestic Product (GDP) growth for the past five years. The GDP per capita income in Cameroon was has been estimated to be around CFA907 857.2 (US$1 553.75) in 2020. The country’s GDP is supported by improved electricity supply from new hydroelectric dams and the start of natural gas production from a new liquefied natural gas offshore terminal. The unemployment rate in Cameroon  is estimated to be around 3.2 percent in 2020. However, agriculture employs more than 50 percent of its workforce.

Economic growth of Cameroon dropped by three percent due to COVID-19.This fall in prices, with fewer creditworthy buyers, made the real estate market crash by approximately 30 percent. In addition, Cameroon is also experiencing a decline in its equities market and this has made it even more difficult for many real estate companies to overcome the crisis.

Less than five percent of Cameroonian citizens have access to a bank account. The banking sector is highly concentrated and dominated by foreign commercial banks which hold more than 50 percent of total financial system assets. A state housing bank, Crédit Foncier du Cameroon (CFC) plays a principal role in the mortgage sector. The CFC currently only supports the financing needs of the upper income class making it difficult for the development of a robust mortgage sector. To increase access to funding, variants of the contractual savings for housing (CSH) scheme have been developed in Cameroon. The CSH plan is a contractual agreement between a financial institution and a customer that grants the customer the right to acquire a privileged mortgage after a minimum saving period.

Despite the interventions of the government to curb the housing problem, which is largely the exorbitant prices of housing/building supplies in the country, Cameroon’s housing challenges remain. In its efforts to deliver social housing, the government has entered into partnership investment agreements and has also signed memorandums of understanding (MOU) with various foreign bodies and companies, a number of which involve direct foreign investment (DFI). The government has also promised to continue construction by developing 4 500 collective residential apartment in Douala and Yaounde. Additionally, 50 individual housing units will be developed.

Find out more about information on the housing finance sector of South Africa, 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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