Housing Finance in Eswatini


This profile is also available in French here.

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

Backlogs, high inequality, and limited financial and gender inclusion all contribute to affordable housing issues in Eswatini. The country’s housing is inadequate, and housing finance is largely undeveloped. The apparent unaffordability of housing is exacerbated by an ever-increasing urban population, with a 1.88% urbanisation rate.

Eswatini’s GDP for 2021 was estimated by the World Bank to be E81.072 billion (US$4.94 billion). The debt-to-GDP ratio has been below 50% and is considered to be within a sustainable range. The implementation of a three-year fiscal plan has aided the economy’s growth from -2.9% in 2020 to 2% in 2022.

Access to credit is difficult for people working in the informal economy (40.9% of GDP) due to high public debt and an increase in non-performing loans. In 2022, the country’s national debt is expected to be E33.972 billion (US$2.07 billion).

Climate change has an impact on agriculture in Eswatini. There are two ways in which climate change affects affordable housing in Eswatini. It can stifle healing. Second, people who cannot afford repairs may be evicted or put in danger of losing their homes. People who cannot afford renovations may be evicted or forced to live in dangerous conditions.

Banks offer a maximum mortgage term of twenty-five years. The minimum mortgage rate available to households is 7.65%, with a maximum of 8.65%. MTN Mobile Money (MoMo) is a major microfinance financial programme that targets low-income earners in both rural and urban areas. The loans are small, usually up to $2,000, and must be paid back within 30 days at 8% interest.

Find out more information on the housing finance sector of Eswatini, 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.

Download yearbook
Neighbouring Countries Mozambique South Africa
View more
View more
View more