×
App Icon
The Standard e-Paper
Stay Informed, Even Offline
★★★★ - on Play Store
Download App

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.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in