Top 5 major African cities with the most affordable housing loans mid-2024

In many African cities, high property costs and expensive loan interest rates make home ownership challenging. The affordable property loan index is crucial for assessing citizens' ability to obtain housing finance.

A favorable loan index can stimulate local economies by increasing access to loans, leading to economic growth and improved housing infrastructure.

Additionally, it helps reduce homelessness amidst rapid population growth. According to Numbeo's Loan Affordability Index, the top five African cities with the most affordable housing loans in mid-2024 are Johannesburg, Port Elizabeth, Cape Town, Durban, and Rabat, with affordability indices ranging from 1.0 to 2.8.