Urban households who can afford the cheapest new houses in Africa 2021, by country

Published by Statista Research Department, Jun 12, 2023
In Somalia and Egypt, over 90 percent of urban households could have obtained a mortgage sufficient to buy the cheapest newly built house in 2021. However, this was out of reach of at least 95 percent of urban households in over 17 of the countries on the continent. For instance, only 0.02 percent of urban households in Liberia were able to afford it.

Share of urban households who can afford the least expensive newly built house in Africa in 2021, by country

CharacteristicShare of urban households
Somalia 94.68%
Egypt 93.01%
Algeria 80.73%
Djibouti 78.09%
Morocco 76.46%
Mauritius 72.21%
Sudan 70.71%
Kenya 63.54%
Nigeria 63.32%
Guinea 60.92%
eSwatini** 60.74%
Seychelles 54.81%
Cote d'Ivoire 54.2%
Showing entries 1 to 13 (54 entries in total)

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Release date

December 2021

Region

Africa

Survey time period

2021

Supplementary notes

The price of the cheapest newly built house by a private developer varied from country to country. This analysis took the current mortgage financing agreements of the respective country into account when determining the share of households who would have granted a mortgage for the least expensive new house built by a private developer in that country in 2021.
**Swaziland was renamed as eSwatini in April 2018.
The source didn't provide data for Western Sahara.

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