Households sidelined from mortgage financing

This has secluded a majority of households from owning residential properties, analysts reckon.  In a quarterly economic report, analysts at consultancy firm, Econsult say although Botswana has a relatively high Gross Domestic Product (GDP) per capita, income levels are low for many households due in part to high inequalities and also to the low proportion of GDP that goes towards wages.

This, set against high prices of houses, has seen the majority of Batswana unable to access mortgage financing, which is the most suitable funding method to build a house.