News by Country
Published stories attached to Kenya.
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Page 29 of 41
With Kenya's housing shortage estimated at two million units, experts argue alternative underwriting of mortgages can turn informal-sector incomes into effective housing demand.
Families relocated to clear space for urban renewal in Kibera will receive first priority in the allocation of new housing, as construction advances under Kenya's Affordable Housing Program.
Property commentators and urban residents in Nairobi have outlined essential amenities that modern housing developments must include to justify premium rents.
Kenya is encouraging lenders to consider mobile-money transactions, SACCO savings and rental histories as alternative credit evidence to bring informal-sector workers into mortgage financing.
Kenyan landlords and agents are demanding payslips, employment letters and KRA PIN details from prospective tenants, as court rulings against unlawful evictions make stricter screening the norm in major cities.
The auction of former Cabinet Secretary Raphael Tuju's Entim Sidai Wellness Sanctuary property in Karen, Nairobi, aborted after no qualified bidders showed up, amid an ongoing dispute with East Africa Development Bank.
President William Ruto has renewed criticism of opponents of Kenya's Affordable Housing Programme, revisiting the debate over chickens and high-rise housing during a rally in Narok.
Kenya's government wants lenders to use mobile money transactions, SACCO savings and rental payment histories to assess borrowers, as it seeks to expand the mortgage market from about 30,000 loans towards one million.
A new report on real estate investment in Africa identifies affordable housing, logistics warehouses, data centres, student housing and green buildings as emerging opportunities for Kenya's property market.