Housing Finance in Chad


This profile is also available in French here.

To download a pdf version of the full 2023 Chad country profile, click here.

Chad’s population will reach 16,914,985 in 2021, growing 2.9% annually. Affordable urban housing is crucial with the urban population growing faster than the general population (4% per year) and reaching 4,022,553 in 2021 (1,471,115 in N’Djamena). No social housing production has met a 10-year need of 125,000 units since 2012. The huge deficit has led to the informal occupation of vulnerable areas and informal neighbourhoods without roads, water, sanitation, or electricity. Chad must also house 450 000 Sudanese, CAR, and Nigerian refugees.

COVID-19 and the Ukraine war have exacerbated the country’s difficult economic situation, resulting in negative growth (-1.2) in GNP in 2021 and increased inflation (from -5.45% in 2020 to +7.2% in 2021). Landlocked Chad imports goods. Cotton, cattle, livestock, and Arabic gum also contribute significantly to the country’s export revenue.

Chad has a national and provincial plan to manage disaster-related climate change. 11 of 23 provinces have flooded since mid-July 2022. Undrained cities flood. 341,056 people had registered for flood relief by August 2022. 18 people died in flood-related house collapses.

42% of Chad’s population is poor, making housing unaffordable. The urban population increases housing demand from 12,500 per year to 125,000 by 2025. SOPROFIM’s serviced plots cost CFA 8,000 per m2. Real estate or mortgage loans require between $300,000 and $500,000 per month.

Chad doesn’t refinance. ECOBANK, CBT, and ORABANK charge 7–11.5% on depreciable loans. 7% more lenders have emerged despite the need for property loans. Individuals represent 12.41% of all depreciable loans local banks granted in 2018. COVID-19 reduced urbanites’ purchasing power and slowed home construction. Individual mortgages are offered by the big three banks and BHT. Family self-financing is essential, despite its limitations. Microfinance institutions offer women $1,587 loans for undeveloped land with 12-month repayment periods and high interest (24% per year).

The risky market prevents investors from buying SOPROFIM’s 62 homes. Unaffordable housing fuels slum self-construction. Brick firing causes environmental damage. In terms of sustainability, construction-stabilized earth bricks (BTS) could be used to build decent housing in Chad and other developing countries.

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