Households sidelined from mortgage financing

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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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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