Content Uploaded by: Kecia Rust

January 18, 2016 by Kecia Rust | No Comments
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This blog is drawn from the Housing Finance in Africa Yearbook 2015. Author: Kecia Rust If cities are built the way they are financed (Renaud, 1984), then Africa’s cities are set to change.  Innovation in housing finance –in terms of products, players, and approaches, not to mention target markets – is a key feature across the continent, creating new opportunities for investment and delivery.  As both local and international investors chase growth opportunities in a sluggish global economy, they are employing diversification strategies to manage the risks of their traditional targets – and in this, residential property is increasingly becoming an option. …

August 5, 2015 by Kecia Rust | No Comments
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Housing and banking go together.  It stands to reason: a family’s house is likely to be the most significant investment they will make in their lifetime.  It is expensive, and as a lump sum, beyond most households’ capacity to pay.  To save up is unrealistic: a household needs to have somewhere to live before they’ve saved the full amount that the house in which they live would cost to buy.  And so, the mortgage loan was invented.  As a straightforward instrument, the mortgage loan enables a household to buy, and live in now, a house that they then pay for…

September 12, 2013 by Kecia Rust | 4 Comments
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Africa is growing through its cities. And every day, as people flock to urban centres in search of opportunity and change, the demand for housing grows. With an annual urbanisation rate of 3.5% over the past two decades, Africa’s cities are the fastest growing in the developing world. Currently, about 40% of the continent’s one billion people live in cities and towns; and it is estimated that in the next few years, some African cities will be home to as much as 85% of their country’s population. Difficult to contemplate in the abstract, these numbers have a very local feel….

May 16, 2013 by Kecia Rust | 2 Comments
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This interview was taken during the Africa Urban Infrastructure Summit in April 2013.  

May 16, 2013 by Kecia Rust | 147 Comments
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Click here for our latest blog on FLISP When the President announced the new FLISP (Finance Linked Individual Subsidy Programme) in his 2012 State of the Nation Address, the groundswell of interest and enthusiasm for this subsidy was not anticipated. Since then, this website has been inundated with requests for information, people asking whether they qualify and for how much, arguing that they are in that “gap” market, too rich to qualify for the RDP subsidy, and too poor to afford the cheapest newly built house available on the market. While the FLISP subsidy has already helped some people – the…