Sunday 28 August 2011

Number of days it takes to register a property in various African countries

This graph above is based on data extracted from the World Bank Doing Business Survey (2011). It is a indication of the level of efficiency of the housing market in the respective countries. The longer it takes to get a title deed (to register a property), also has a significant bearing on the cost of building. With the high urbanisation rates and housing backlogs in countries in Africa, there is a need to better manage these efficiency levels in order to increase the housing delivery rate, to make housing more affordable (by reducing the cost of the housing process), and for private sector to see housing as a profitable investment (as the efficency level is an indicator to measure the risk