Prospective Homeowners’ Concerns in Three African Countries
Like other countries in the world, African countries are not immune from various issues affecting housing development and affordability. The rise in construction materials and government’s unpredictable policies have been the main contributors of the issues in the last decade. The consequence has been failure to provide adequate houses for the growing population in urban areas in countries like Ghana, Kenya and Nigeria.
When the houses are available, they are too expensive for the low-income earners residing in cities like Accra, Nairobi and Lagos. As the first month of the Q1 2019 ended a few days ago, SC Property Hub has discovered that people developed an interest in getting houses and knowing the possible prices of them in Ghana, Kenya and Nigeria.
Throughout January 2019, house prices were the main concern of Nigerians and Ghanaians, while Kenyans were interested in buying houses. Our analyst notes that there is little difference in Kenyans’ interest in buying houses and their prices. This indicates that having an interest in purchasing houses should be seen as a factor that would equally increase prospective homeowners’ interest in prices.