Urban Housing Affordability in Zimbabwe: The Case of Homelink Housing Mortgage Scheme

Jeffrey Kurebwa


The purpose of the study was to understand the factors that affect the affordability of urban housing with regards to the Homelink Housing mortgage scheme in Bindura, Zimbabwe. The study utilized qualitative methodology while a case study research design of Homelink was used. Data was collected using key informant interviews, surveys, and secondary data. A total of 30 participants were purposively selected to participate in the study. Data were analyzed using the Statistical Package for Social Sciences (SPSS). The findings of the study showed that there were five key factors that affected the affordability of urban housing in Zimbabwe. These are loan repayment, interest on the loan, inflation rate, loss of regular employment, and cost of construction. The conclusions of the study are that the affordability of housing in Zimbabwe is influenced by factors related to the socio-economic characteristics of households and loan characteristics.


Housing; Affordability; Mortgage; Bindura; Macro-Economic; Homelink; Inflation; Zimbabwe

Full Text:



Akinwunmi, A. (2009). An Investigation into Factors Affecting Housing Finance Supply in Emerging Economies: A Case Study of Nigeria. Unpublished PhD Thesis, School of Business, University of Wolverhampton: UK.

Alhashimi, H., & Dwyer, W. (2004). Is there such an Entity as a Housing Market? Paper presented at the 10th Annual Pacific Rim Real Estate Conference, Bangkok.

AFDB. (2011). The Middle of the Pyramid: Dynamics of the Middle Class in Africa. Market Brief. www.afdb.org Accessed 20 December 2021

Bujang, B. (2010). The relationship between demographic factors and housing affordability. Malaysian Journal of Real Estate, 5(1), 110-120.

Burke, T. (2003). Housing affordability. AHURI: Melbourne.

CAHF. (2012). Housing finance year book: Centre for Affordable Housing Finance in Africa (CAHF). South Africa.

Chirchir, J. S. (2006). Promoting home ownership using retirement benefits. Research Paper Series 01/2006, Retirement Benefits Authority, Nairobi.

Cho, M. (2007). 180 years evolution of the US mortgage banking system: Lessons for emerging mortgage markets. International Real Estate Review, 10 (1), 12-25.

Environment & Urbanization (2014). Harare slum profiles report 2014. www.environmentandurbanization.org Accessed 14 January 2022.

Ergungor, 0.E.(2008). Covered Bonds: A new way to fund Residential Mortgages. Federal Reserve Bank of Cleveland Economic Commentary.

Folger, R. (1995). Equity, equality and need: Three faces of social justice. In B. Bunker, (Eds.), Conflict, cooperation and justice. San Francisco: Jossey-Bass inc. Publishers.

Gabriel, J. (2012). Conceptualizing and measuring the housing affordability problem. National Research Venture 3: Housing Affordability for Lower Income Australians. Australian Housing and Urban Research Institute (AHURI): Melbourne.

Hagg, P. G. (1997). Theories on the Economics of Regulation: A survey of the literature from a European perspective, European Journal of Law and Economics, 4(8), 120-134.

Hertg, J. A. (2003). Public and private interests in regulation, University of Utrecht, Netherlands.

Johnston, J. (2008). Housing affordability literature review and affordable housing program audit. Urban Research Centre, University of Western Sydney: Australia.

Mackay, E. (1999). History of law and economics. In B. Bouckaert (Eds.), Encyclopaedia of law and economics. University of Utrecht: The Netherlands.

Mostafa, J. (2015).A study of housing affordability in relation to economic development in Hong Kong. The International Journal of Construction Management, 5(2), 35-49.

Moyo, J. (2020). Stranded in the slums. www.dandc.eu Accessed 20 March 2022.

Nubi, T.O. (2018). Affordable housing delivery in Nigeria, Paper presented at the South African Housing Foundation International Conference and Exhibition, Cape Town: South Africa.

Okechukwu J. (2009). Urban housing affordability and housing policy dilemmas in Nigeria. Unpublished PhD thesis, School of Public Policy, The University of Birmingham: UK.

O’Flynn, L. (2011). Housing affordability, NSW parliamentary research service. Briefing Paper No. 04/2011, NSW Parliamentary Library. www.parliament.nsw.gov.au Accessed 17 March 2022.

Pilbeam, K. (2005). Finance and financial markets (2nd ed.). Palgrave Macmillan: Basingstoke.

Pugh, C. (2001). The theory and practice of housing sector development for developing countries. Housing Studies, 16 (4), 399-423.

Ratha, D. (2014). Migration and Remittances fact-book, Migration and Remittances Team, Development prospects Group, World Bank: Washington DC.www.worldbank.org Accessed 13 April 2022.

Rawls, J. (Ed.). (1996). John Rawl’s principle of justice: From a theory of justice. USA: Hackett Publishing.

Rittenberg, J. (2014). Principles of micro economics. www.flatworldknowledge.com Accessed 20 April 2022.

Saunders, T. (1988). Development of indicative budget standards for Australia. Research Paper No.74, Social policy Research Centre, University of New South Wales: Sydney.

Semple, J. (2007). How can government provide more affordable housing? Affordability Review, 5(6), 21-29.

Seiler, M., & Seiler, V, L. (2009). The next stage in the evolution of REIT ownership. Journal of Real Estate Portfolio Management, 15(1), 21-28.

Shin, H. S. (2009). Reflections on northern rock, the bank that heralded the global financial crisis. Journal of Economic Perspective, 23 (1), 32-39.

Smith, L. B. (1988). Recent developments in economic models of housing markets. Journal of Economic Literature, 26(10), 23-34.

Steggell, J. (2003). Exploring theories of human behaviour in housing research. Housing and Society, 30(1), 45-50.

Stephens, M. (2003). Globalization and housing finance systems in advanced and transition economies. Urban Studies, 16(10), 120-134.

Stone, M.E. (1993). Shelter poverty: New ideas on housing affordability. Temple University Press: Philadelphia.

Syagga, J., & Aligula, P. (1999). Management and agency in the urban real property market in Kenya. Shaker Verlag Aachen: Germany.

UN- Habitat. (2011). Affordable land and housing in Africa. UN- Habitat, 3(10), 23-34.

UN (1966). International covenant on economic, social and cultural rights. USA: UN.

UN (1948). Universal declaration for human rights. USA: UN.

World Bank. (1993). Housing: Enabling markets to work. A World Bank policy paper. World Bank: Washington D.C.

DOI: http://dx.doi.org/10.3968/12733


  • There are currently no refbacks.

Copyright (c) 2022 Author(s)

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.


  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

Online Submissionhttp://cscanada.org/index.php/css/submission/wizard

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
  • We only use four mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; office@cscanada.net; ccc@cscanada.net; ccc@cscanada.org

 Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).


Canadian Social Science Editorial Office

Address: 1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net; Http://www.cscanada.org 
E-mail:caooc@hotmail.com; office@cscanada.net

Copyright © Canadian Academy of Oriental and Occidental Culture