Located across the road from the main market in Huambo, this project is the second phase of development on a site owned by Reall’s partner DWA, and implemented by its subsidiary HabiTerra. The city Huambo is the second largest in Angola and suffered a huge amount of destruction during the civil war that ended in 2002. In addition, the majority of building materials have to be imported into Angola, which greatly increases costs. To mitigate this, DWA has sought produce their own building materials and components for their projects.
The majority of homeowners are either self-employed or work as agricultural labourers in the surrounding areas of Huambo. Prior to Quissala 2 they rented in informal housing areas that see significant overcrowding and have a high risk of eviction. Operating on a rent to own model, residents initially pay rent until they have built up enough of a track record to be assessed for a loan by Kixi Credito, DWA’s microfinance lending organisation. The money for the rent is then saved up and used as a deposit on the house purchase.
Clients estimated to sit between 61st and 70th percentiles of incomes in Huambo
|Description||Type||Number Expected||Number Completed||Unit Size (m2)||Sales Price |
|Monthly Cost |
|Loan Length (months)|
|1 bedroom, 32.5m^2, house and plot||Basic||62||11||32.5||9494||92.28||72|
|2 bedroom, 41m^2, house and plot||Basic||34||34||41||12025||138.42||72|
Based on exchange rate on 31/10/2021
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Data last updated on 16/12/2021