Africa’s emerging mortgage banking sector is experiencing remarkable growth, with several institutions leading the charge in transforming housing finance. Among the most promising are HomeStart Finance in South Africa, Abbey Mortgage Bank in Nigeria, and Republic Bank in Ghana.
HomeStart Finance is gaining recognition for its innovative rent-to-own model, providing low and middle-income earners with an accessible path to homeownership. By focusing on inclusivity, HomeStart ensures individuals with limited credit histories can secure housing, addressing South Africa’s significant housing gap.
Abbey Mortgage Bank in Nigeria has distinguished itself through its digital-first approach, streamlining the mortgage process for clients. With competitive rates and flexible repayment plans, Abbey has become a top choice for young professionals entering Nigeria’s dynamic real estate market.
Republic Bank in Ghana is making significant contributions to affordable housing by offering tailored mortgage products for both salaried workers and entrepreneurs. With long-term repayment plans and customer-centric solutions, Republic Bank is helping bridge Ghana’s housing deficit while promoting sustainable homeownership.
These three institutions are at the forefront of driving innovation and accessibility in Africa’s mortgage sector, positioning themselves as leaders in the continent’s evolving real estate landscape.
Source : African Housing Show Research Team
