Mortgage debts remain flat as incomes lag
Friday, July 11, 2025 | 650 Views |
Slow uptake: Low wage growth and stubborn unemployment are depressing mortgage rates in the country PIC MORERI SEJAKGOMO
With households grappling with subdued incomes and in spite of a housing shortage, mortgages have taken a knock and remain unchanged whilst the rest of Southern Africa residential lending market remains bullish.
According to a report by the Financial Stability Council published recently, residential real estate loans, known as mortgages, remained flat at P14.8 billion between February 2024 and February 2025, a trend which made Botswana a regional outlier as mortgages continue to grow throughout Sub-Saharan Africa.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...