Housing Finance in Central African Republic


This profile is also available in French here.

To download a pdf version of the full 2023 Central African Republic country profile, click here.

The Central African Republic is predicted to have a population of 5 017 604 people in 2022 with an urbanisation rate of 1.85%. This puts housing resources under pressure. As a result, in 2018, 95.8% of urban residents lived in slums because of poverty, armed conflict, and limited access to affordable housing.

GDP growth prior to COVID-19 was 3.3%, but in 2021 it was only 0.9%. Transportation, trade, and finance sectors kept 42% of GDP while agriculture, hotels, and diamonds struggled. In 2021, public debt was 46% of GDP, down from 47%. Inflation rose from 2.3% in 2020 to 4.4% in 2021 as a result of security and supply chain disruptions.Inflation is expected to reach 3.8% in 2023.However, transportation and energy projects should increase GDP growth to 3.8% and 3.9% in 2022 and 2023, respectively, but falling commodity prices and weak internal security may hinder this growth.

The financial market in CAR is fragile and poorly supports economic expansion. It is the smallest financial market in CEMAC (17.8% of GDP), and banks there are exposed to the public sector. In November 2021, BEAC increased its marginal lending facility rate from 5% to 5.25. Home ownership is challenging due to high construction material costs, low salaries, and unstable economic conditions.

Droughts, wildfires, floods, and higher temperatures are all threats to the CAR due to climate change. 2019 saw the forced relocation of 100,000 people who also lost their homes and access to clean water.

Price reductions from the new cement mill could perhaps boost demand for and accessibility to housing. Since there haven’t been any big public housing projects in the last ten years, it’s clear that public firms need long-term funding and help from big developers to build homes.

Find out more about information on the housing finance sector of the Central African Republic (CAR), including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2023 edition, which has up-to-date profiles for 55 African countries.

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