What we need to do to increase home ownership in Kenya
Kenya’s property market is the third most developed in sub-Saharan Africa behind Namibia and South Africa. In Kenya, real estate is seriously overvalued, thanks to high housing demand in the face of an acute shortage. The average price for an apartment in Nairobi is currently Sh11.58 million, up from Sh5.2 million in December 2005. There is no home on the formal market selling below Sh2 million.
By Protus Nyamweya
7 years ago