PMRC Housing Development in Zambia within the Framework of Achieving Sustainable Development Goal
Situational Analysis of Housing in Zambia
Currently like any other urbanizing country, the Zambian housing sector is experiencing challenges of shortages in decent and affordable housing and the growth of unplanned settlements. These shortages are mostly attributed to inefficiencies of the housing market to meet the housing demand, lack of sustainable housing finance and population increase. According to a study conducted by Zambia Institute of Policy Analysis and Research (ZIPAR) in 2014, Zambia has a housing stock of 2,500,000 units and an annual housing production of 73,000 units which is below the expected annual production of 222,000 units per year. The current housing production has lead to a housing deficit of 1,539,000 as at 2014 and failure to increase housing production might lead into a deficit of 3,328,904 units by 2030.