Housing Finance in Seychelles

Overview

This profile is also available in French here.

To download a pdf version of the full 202 Seychelles country profile, click here.

The Republic of Seychelles is an archipelago nation comprising 115 small islands to the east of the African continent. In 2020, the country had an estimated population of 98 462, a slight increase from 2019 when it was estimated at 97 625.1 In 2020, 57.55% of the population (approximately 56 661 people) lived in urban areas. The capital city of Seychelles is Victoria, the largest and most populous city in the country located on the largest island, Mahé Island, which has an area of 155km2. The urbanisation growth rate for Seychelles was assessed at 1.6% in 2020. A rise in population growth rates and economic development over the years has put pressure on the limited land in the country. To make space for the expanding population and economic activities, the government has reclaimed several new islands to the east of Mahé. The government is also the main provider of affordable housing through various housing assistance schemes and subsidies. The scarcity of land in the mainland has resulted in urban sprawl especially in the main Mahé Island, but there are no identifiable slums in the country.

The Seychelles economy is largely dependent on services, with tourism and fisheries being the highest contributors to the Gross Domestic Product (GDP) due to the country’s beach and ocean resources. It has been described as a robust economy, which reached a high-income status in 2015.5 Its GDP per capita in 2020 was Rs166 157 (US$11 425). This shows a significant decrease compared to 2018 which was Rs238 387 (US$16 391).

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


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2021 edition, which has up-to-date profiles for 55 African countries.

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