Housing Finance in Guinea Bissua


This profile is also available in French here.

To download a pdf version of the full 2020 The Guinea Bissau country profile, click here.

Guinea-Bissau is a small country, ranked as one of the poorest country’s in the world. To stabilise the economy, the country relied on debt and is heavily indebted to other countries. Borrowing too much money has negatively impacted on the currency and economy. However, the population also relies heavily on the exporting of cashew nuts but during the Covid-19 pandemic it has been hard to export which has further depressed the economy.

There has been an increase in the urban population, with 74.4 percent of the population living in slums where a few people have access to electricity and water in their households. The increase in the population further increases the shortages in housing. To assist with the housing issue, microfinance institutions and non-bank financial institutions aid the people working in informal sectors to receive funding for houses. The aim of these institutes is to reduce the amount of housing backlog.

The cheapest newly built house is worth US$40 520, this cost might be too high for certain residents in the country as there is an increase in the unemployment rate and with this most people won’t be able to afford it. The cost of building also contributes to the price of the houses being this high and so even if most of these houses are built it does not help with the house shortage issue because those in need wont be able to afford these houses and will continue living in informal settlements.

The low ranking of Guinea-Bissau in comparison to neighboring countries has affected their investment in the real estate market. However, now that the market has the support of government and external parties (like charities), the investment in the real estate market has improved.

Find out more information on the housing finance sector of Guinea-Bissau, including key stakeholders, important policies and housing affordability:

Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2020 edition, which has up-to-date profiles for 55 African countries.

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Neighbouring Countries Gambia Guinea Senegal
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