Housing Finance in Guinea

Overview

To download a pdf version of the full 2022 Guinea country profile, click here.

Guinea is a country in West Africa with a land mass of 245,857 km2. Its population was estimated at 13,497,237 in 2021, 37.3% of whom lived in urban areas. The population growth rate was estimated at 3.8% in 2021. Urbanization is partly driven by the rural exodus and the incorporation of the countryside into the periphery of urban centres.

Climate change causes increasing temperatures, irregular rainfall patterns, droughts, storms, floods, and bushfires. Agriculture employs 52% of the workforce and supports 57% of rural households. At the end of 2020, long-term loans totaled GNF 272 500 000 000 (US$ 31,408 332), up from GNF 200 000 000 (US$ 26 763 356) at the end of 2019.This increase in long-term loans is being driven mostly (more than 85%) by mortgages.

Sea level rise has produced flooding, storm surges, and erosion, causing infrastructure damage and population relocation. This population migration has increased coastal and urban slums. Comprehensive land use planning is needed to ensure the long-term sustainability of climate-appropriate urbanisation.

The Guinean government’s main focus is the problem of housing. According to the Presidential Program for Social Dwelling Construction, 50,000 housing units will be built each year. The government has acquired and secured 44 000 hectares of land. This public-private partnership effort is expected to cost GNF 13,000 billion (US$ 5 billion) over a ten-year period.

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


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2022 edition, which has up-to-date profiles for 55 African countries.

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