South African cities rank highest in mortgage affordability due to financial policies and accessible loan structures. The loan affordability index read more Top 5 cities in Africa where mortgages lead to homeownership
The article highlights the top 5 African cities where mortgages facilitate homeownership, based on the loan affordability index. Pretoria ranks first, followed by Johannesburg, Cape Town, Durban, and Rabat. Pretoria leads due to South Africa's structured mortgage system, stable incomes, and competitive interest rates. Johannesburg benefits from a well-developed banking sector. Cape Town and Durban follow, with Durban's affordability enhanced by relatively low housing prices. Rabat, the only non-South African city, shows progress but remains less affordable. The article emphasizes how financial policies, accessible loans, and stable incomes drive homeownership, boost real estate, and create jobs across Africa.
