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There is a housing crisis in Africa for young people. They can't build, they can't rent, they can't get mortgages.
Politicians own empty mansions and have refused to review needed regulatory frameworks to make housing affordable and accessible for young people.
Politicians own empty mansions and have refused to review needed regulatory frameworks to make housing affordable and accessible for young people.
Just going to add some published data to this thread.
Nigeria's present housing deficit is at 22 million and this is mostly in Urban centres of Abuja, Lagos and Portharcourt: https://thenationonlineng.net/housing-deficit-now-22-million-says-fmbn/
Nigeria's present housing deficit is at 22 million and this is mostly in Urban centres of Abuja, Lagos and Portharcourt: https://thenationonlineng.net/housing-deficit-now-22-million-says-fmbn/
Ghana currently has a housing problem with a deficit of 2 million according to this report: https://theconversation.com/ghana-has-a-housing-crisis-what-we-found-in-kumasi-and-what-needs-to-change-147801
The number is similar in Kenya as well where economic downturn has led to drop in disposal income. Despite housing initiatives by the government, the deficit stands at 2 million: https://cytonnreport.com/topicals/nairobi-metropolitan-2020
In 2014, Feyi Fawehinmi wrote this explained on the mortgage situation in Nigeria. Hint, the issues are still same: https://aguntasolo.co/mortgage-sturves-a-conversation-5e73fa625735
Some of the issues outline as responsible for Ghana's housing situation are:
1. Lack of policy continuity due to change in government
2. Migrations
3. Population growth
4. Inadequate mortgage financing
5. High cost of land
6. Defective land tenure systems, etc.
1. Lack of policy continuity due to change in government
2. Migrations
3. Population growth
4. Inadequate mortgage financing
5. High cost of land
6. Defective land tenure systems, etc.
Some of the issues cut across the sub region but one that particularly needs urgent review is defective land tenure systems. In most African countries, the land use act is archaic and remains problematic to progress in solving the housing crisis.
In this Podcast Peter Veit, the Director of the Land and Resource Rights Initiative highlights why securing land rights for indigenous people can accelerate sustainable development: https://soundcloud.com/world-resources-institute/wri-podcast-34-indigenous-land-rights-could-accelerate-progress-on-sustiainable-development-goals2
