n AfricaGrowth Agenda - Urbanization and housing finance development matter : fresh empirical based lessons for African and Asian countries

Volume 2015, Issue 7
  • ISSN : 1811-5187


Africa followed by Asia has the highest urbanization rate and additionally, constitute the least developed housing finance market in the world. Investigations in this paper have mainly highlighted that : Housing demand is continuously higher, absolutely and in comparison with other regions in the world. Urbanization rate is moving to the same positive way with housing demand. The housing finance market in Africa as in Asia is nascent and only burgeoning. There is a negative relation between mortgage access and mortgage interest rate in Africa and Asia; thus mortgage policy indexed by higher interest rates tends to complicate this accessibility.

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