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Affordable homes? Match mortgage repayments to rent

Koto Housing Kenya Chief Executive Officer Moses Nderitu says homes will be affordable when rent matches mortgage repayments. [PHOTO: JAMES WANZALA/STANDARD]

Why don’t more Kenyans own homes?

There are a mixture of reasons. Cost of land in areas with high infrastructural development, unaffordable cost of financing - that is high interest rates for mortgages - and the technology or method of building houses.

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