Households sidelined from mortgage financing

No Image

A remodelling of the structure of mortgage finance provided by financial institutions is required, as a stark mismatch between incomes and housing prices exists.

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.

Editor's Comment
Urgent call: Stop the killing!

The previous week, we had an article about a police officer shooting his wife, and turning the gun on himself, whilst he died, his wife survived and is still in the hospital.Sadly that was not the only article we carried on intimate partner killings. There was the Francistown case, where a young woman allegedly stabbed her ‘former boyfriend’ and many others which were reported throughout the week.As all the reports were coming in, a Botswana...

Have a Story? Send Us a tip
arrow up