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Owning a decent house is still an unattainable goal for many African households. The lack of affordable housing finance, high costs of urban land and weak tenure security, rising construction costs, and prevalence of slums are major challenges to efforts to alleviate the continent’s housing crisis. This chapter provides the reader with a comprehensive overview of the continent’s housing market dynamics. In particular, the chapter shows the importance of the housing sector in African economies. It identifies the key constraints to the sector’s development, and the outlook for the market, as well as opportunities and bottlenecks in terms of governance. |
