Finance Bill threatens housing, jobs and Investment, warns lobby

Treasury CS John Mbadi before the Senate's Finance Committee to deliberate on matters of 2025 Budget Policy Statement and also to Consider the Public Finance Management (Amendment) Bill (National Assembly Bills No. 45 of 2025 ) at County Hall, Parliament, Nairobi. March 18th, 2025. (Elvis Ogina, Standard)

Real estate stakeholders have raised concerns over the Finance Bill, 2025 and the National Rating Act, 2024, saying they could choke investment, drive up housing costs, and destabilise an already fragile property sector.

Speaking during a press briefing in Nairobi yesterday, the Treasurer of the Real Estate Stakeholders Association (RESA) Peter Gitau said the proposals in the Bill and the newly enacted Act represent a policy shock that could derail affordable housing efforts and hurt ordinary Kenyans.