Notes:
Notes:
Notes: 1-3% for non-commercial
Notes: 20,000-22,000 for a three bedroom house (150 sq. mt)
Notes: 200 USD for a mortgage of 100,000 USD
Notes: 40 USD and above
Notes: 58% of the 30% are in urban areas
Notes: 6 out of 23 financial institutions offer mortgages loans
Notes: According to the Cameroonian Constitution, property is the right to use, enjoy and dispose of property guaranteed to everyone by law.
The law also does not recognize customary land ownership as equivalent to real property rights.
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: Banks and financial institutions need an authorization from BEAC and COBAC if they want to put out any mortgage features
Notes: BICEC and SGC
Notes: Capital gains realized on built or unbuilt buildings acquired against payment or free of charge are considered taxable property income (article 46 of CGI)
Notes: CFC
Notes: CFC average mortgage loan interest rate less WDI average deposit rate
Notes: CFC is a labor tax fund
Notes: CFC is a labor tax fund. CFC is a public entreprise of a commercial nature. It is currently the main mortgage provider in the country. CFC finances both households and private developers and offers a wide variety of loans, 13 in total: individual housing loans, savings plans, loans for the construction of rental housing, loans to municipalities and loans to private developers
Notes: Contribution resources (payroll tax) and loan repayments
Notes: Crédit Foncier du Cameroon (CFC)
Notes: Crédit Foncier du Cameroun (CFC) finances households through a special loan agreement.The CFC loan can be up to 25 years with a 4-5% interest rate and the maximum amount is FCFA 30 million (USD 53,000).
Notes: Deposits from "housing-savings accounts" (prêts épargne-logement, PEL) represent the second type of resources used by CFC, the main mortgage provider of the country.
Notes: File examination fees represent 0.01% of the total amount of the loan
Notes: For CFC classic housing loan, the minimum individual contribution is 20%
Notes: For the CFC loan, households only have to provide a 10% down payment, against 20% for a traditional mortgage.
Notes: IFC and COBAC are working on developing a credit scoring system currently
Notes: In 2008, the minimum wage was raised to 28216 CFA.
Notes: In 2014, the minimum wage was raised to 36270 CFA.
Notes: Income from the rental of built and unbuilt buildings is considered taxable property income (article 46 of CGI)
Notes: Income from the rental of built and unbuilt buildings is considered taxable property income (article 46 of CGI)
Notes: Insignificant, less than 1%
Notes: Insignificant, less than 1%
Notes: Insignificant, less than 1%
Notes: Less than 1%. Not very common
Notes: Less than 5%. Mostly Government Workers
Notes: Less than 6%. Mainly live in free houses
Notes: MFIs in Cameroon (Advans Cameroun, ACEP Cameroun, Ecobank microfinance…) offer loans to SMEs and farmers but don't provide specific loans for housing to individuals.
Notes: Minimum 3 months
Notes: Most of the loans were taken by top government workers who refused to pay. However, these were aboriginal years
Notes: No time specified
Notes: Not regulated. Generally between 1-2%
Notes: Other commercial banks like Ecobank work with CFC to process mortgage loans
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Own-account workers
Notes: Procedures for registering mortgages are defined in the Manual of Land, State and Cadastral Procedures
Notes: Property tax is not due throughout Cameroon, only buildings located in certain agglomerations and administrative unit capitals are subject to it (article 577 of CGI)
Notes: Ranges from 1-7% depending on the type of client
Notes: Requires 171 operations
Notes: Serious Shortage
Notes: The ARIZ guarantee from Agence Francaise de Développement (AFD) guarantees loans to micro, small, and medium enterprises (MSMEs), and microfinance institutions (MFIs). In Cameroon, the ARIZ guarantee scheme uses a management sharing structure between three banks (BICEC, SCB Cameroon, and SGBC) and a microfinance institution (Advans Cameroun) to catalyze small private enterprises.
Notes: The CFC has a standard procedure described on its website "Guide Prêt Foncier Classique".
Notes: The CFC has a standard procedure described on its website "Guide Prêt Foncier Classique".
Notes: The Compulsory Labour Force Housing Tax Deduction is the main funding source for mortgages
Notes: The Credit Foncier Cameroon receives funds from the Compulsory Labour Force Housing Tax Deduction
Notes: The Credit Foncier Cameroon receives funds from the Compulsory Labour Force Housing Tax Deduction
Notes: The Credit Foncier Cameroon receives funds from the Compulsory Labour Force Housing Tax Deduction
Notes: The Credit Foncier Cameroon receives funds from the Compulsory Labour Force Housing Tax Deduction
Notes: The Credit Foncier Cameroon receives funds from the Compulsory Labour Force Housing Tax Deduction
Notes: The first units of the Governmental Housing Program (construction of 10,000 social housing units and the development of 50,000 building plots) were sold between FCFA 17 million (USD 30,000) and FCFA 23 million (USD 40,000).
Notes: The government, through an organization called Maetur Services, plots and acquires land titles which are then given to households at reduced prices (or arranged payment plans). Households can use these titled lands to qualify for mortgages from financial institutions
Notes: The interest rates charged by Credit Foncier Cameroon is based on one's salary bracket. Those with lower incomes are charged a smaller interest rate
Notes: The interest rates charged by Credit Foncier Cameroon is based on one's salary bracket. Those with lower incomes are charged a smaller interest rate
Notes: The interest rates charged by Credit Foncier Cameroon is based on one's salary bracket. Those with lower incomes are charged a smaller interest rate
Notes: The interest rates charged by Credit Foncier Cameroon is based on one's salary bracket. Those with lower incomes are charged a smaller interest rate
Notes: The interest rates charged by Credit Foncier Cameroon is based on one's salary bracket. Those with lower incomes are charged a smaller interest rate
Notes: The market for sales of existing homes is nonexistent
Notes: The sale of social housing units to households,
provided that it is their main residence, is exempt from VAT (article 46 of CGI)
Notes: The sale of social housing units to households,
provided that it is their main residence, is exempt from VAT (article 46 of CGI)
Notes: There is a rental income tax
Notes: There is a rental income tax
Notes: There is a rental income tax
Notes: There is a rental income tax
Notes: There is a rental income tax
Notes: There is a rental income tax
Notes: There is a rental income tax
Notes: There is a rental income tax
Notes: There is a rental income tax
Notes: VAT. Suspended for social housing
Notes: VAT. Suspended for social housing
Notes: VAT. Suspended for social housing
Notes: VAT. Suspended for social housing
Notes: VAT. Suspended for social housing
Notes: VAT. Suspended for social housing
Notes: VAT. Suspended for social housing
Notes: Very insignificant. Sales of existing houses are less than 1%
Notes: Very low as it is visible generally on Government housing program
Notes: You have to apply and wait for apporval