Cost of construction drops by over 300 per cent in the last four years

The PS for Housing and Urban Development Charles Hinga flanked by the Chief Government valuer Jacinta Mutua address the press in Naivasha on December 9, 2021 during a conference on the mortgage sector in Lake Naivasha Resort. He said that cost of construction had dropped by over 300 percent in the last four years. [Antony Gitonga, Standard]

The cost of construction in Kenya has massively gone down over the last four years and this has been attributed to advancement in technology that has made work much easier.

Due to new technology, construction is more mechanised unlike in the past when it was manual. At the same time, the availability of cheaper construction materials such as gypsum has seen the building sector move away from wood which is more expensive.