While a traditional mortgage generally requires a 20% to 25% down payment, in some cases a 5% down payment is all it takes to purchase an entire property.
In many African cities, there is an inward migration of labor into larger cities, by people in search for better opportunities and higher wages. This influx of movement of people moving into the cities has put pressure on African governments to make provision for good quality and affordable housing.
The reality on the ground is that this rapid increase in demand for housing has not been met as is far too large a burden to handle.
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