House Construction Costs Up 30% Despite Lower Cement Prices

Dar es Salaam — The cost of developing a house has gone up by about 30 per cent in four years despite a drop in cement prices, a new study shows.

The report by the Center for Affordable Housing Finance (CAHF) shows that building a two-bedroom housing unit with 65 square meters would cost $16,130 in 2011 but the same has gone up to $20,992 in 2015.

Established in 2014, CAHF's vision is to enable affordable housing finance system in countries throughout Africa, where governments, business, and advocates work together to provide a wide range of housing options accessible to all.