![Countries With The Largest Outstanding Mortgage Debt in Africa as of 2022](https://api.mustardinsights.com/storage/article/DpskLTGl64kJKZiV8p8VuZZxuGykgacFqpFuC1m8.jpg)
Do you know that South Africa has one of the highest mortgage interest rates in Africa?
Not only that, the country also has the highest outstanding mortgage debt valued at $68.56 billion from several 1.6 million outstanding mortgages in Africa.
Among countries with the biggest mortgage outstanding loans in 2022 are Egypt, Morocco, Nigeria and Kenya with a value of $3.5 billion, $3 billion and $2.2 billion and $2.1 billion respectively.
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