Housing demand in East Africa

Aug 23, 2020 | Country

Eastern Africa will require $187.5 billion to build 5 million affordable homes over a period of 10 years.

According to Business Intelligence experts ABiQ, the population of Eastern Africa will grow to almost 559 million from 445 million by 2030. That is an increase of 25% over a period of 10 years.

A growing population will boost the demand for the housing market. 20-30-year olds will enter the market, and this will result in a demand for 5 million new homes over the next decade. This doesn’t include the current deficits.

Investment required by East Africa 

With construction costs varying across the Eastern African region, we have taken an average cost of construction of $37,500 for a 50 square meter affordable house. On this basis, ABiQ predicts Eastern Africa will require $187.5 billion for affordable housing.

Population Growth Rate 2021-2030 (%)

 Burundi 32.6
Djibouti 13.0
Ethiopia 26.1
Eritrea 19.6
Kenya 23.6
Malawi 29.9
Mozambique 31.8
Madagascar 28.6
Rwanda 25.3
South Sudan 23.6
Somalia 33.3
Tanzania 14.2
Uganda 29.9
Zambia 32.3
Zimbabwe 18.4

Source: ABiQ; United Nations

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