Mortgage Finance-The Final Frontier

Lanre Akinola writes in This is Africa:

Excepting South Africa, the sub-Saharan mortgage market has been virtually non-existent up to a few years ago. Increasingly, populations in a number of sub-Saharan countries are being introduced to the concept of funding their lifestyles through debt. As formal personal financial services become more widely accepted on the continent, mortgages are now becoming an attainable reality for growing numbers of Africans. Yet despite optimism about the transformational potential of home ownership, few of these products truly extend below the well-heeled segment of society.