African countries with the highest mortgage interest rates
Unfortunately, owning a home anywhere in African can be very difficult. This is due to a number of factors, including the fact that the mortgage industry in Africa isn't really very reliable and accessible to those who need it. Also, there is the issue of high mortgage interest rates.
This explains why many people in Africa would rather build their own houses from scratch.
It's important to stress that this list was compiled using data provided by Statista.
- Zimbabwe: Has a mortgage interest rate of 50%.
- Zambia: Has a mortgage interest rate of 30%.
- Angola: Has a mortgage interest rate of 24%.
- Mozambique: Has a mortgage interest rate of 22%.
- Malawi: Has a mortgage interest rate of 21%.
- Sierra Leone: Has a mortgage interest rate of 21%.
- Uganda: Has a mortgage interest rate of 19%.
- Democratic Republic of Congo: Has a mortgage interest rate of 19%.
- Gambia: Has a mortgage interest rate of 18%.
- Rwanda: Has a mortgage interest rate of 18%.
- Madagascar: Has a mortgage interest rate of 17%.
- Sudan: Has a mortgage interest rate of 17%.
- Ghana: Has a mortgage interest rate of 17%.
- South Africa: Has a mortgage interest rate of 16%.
- Nigeria: Has a mortgage interest rate of 16%.
