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Why mortgages may be a bad option for home buyers

Dining etiquette
 

Government officials at one of the model houses at the 605 affordable housing units projects under construction in Bondeni, Nakuru City on February 6, 2022. [Kennedy Gachuhi, Standard].

When breaking ground for a Sh3.5-billion housing project in Kisumu last week, African Union High Representative for Infrastructure Development in Africa Raila Odinga remarked on how expensive owning a home is in Kenya. 

“I am told that some of these houses cost Sh1.5 million. That is still too high, many people cannot afford that,” he said.

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