Located across the road from the main market in Huambo, this project is the first phase of the overall development of a site owned by Development Workshop Angola (DWA). The city is the third largest within the country and suffered a large amount of destruction and damage during the civil war that ended in 2002.
The project is implemented by DWA subsidiaries, HabiTerra and KixiCredito. Operating on a rent to own model, residents initially pay rental payments until they have built up enough of a track record to then be assessed for a loan. The money for the rent is saved up and then used as a deposit on the house purchase.
Clients estimated to sit between 41st and 50th percentiles of incomes in Huambo
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|1 bedroom, 32.5m2, house and plot||Basic||120||120||32.5||11111||92.28||72|
Based on exchange rate on 31/12/2020
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Data last updated on 10/03/2021