This archive report was first published on 13 October 2019.
Published on October 13, 2019, Kenya's housing market is facing a severe shortage, driving up rents and real estate prices.
Low-income earners are particularly affected, struggling to find affordable housing options.
The Kenyan government has pledged to address this issue by building 500,000 new houses by 2022 as part of its Big Four Agenda.
President Kenyatta has authorized a 15% tax relief for affordable housing beneficiaries and encouraged investors to participate in the project.
However, mortgages in Kenya have become increasingly unaffordable, with house prices rising in 2018 and showing no signs of decline.
Despite this, investing in Kenya's real estate presents several advantages, including:
- The government's commitment to working with real estate investors to make housing affordable, offering better rates and guaranteed returns.
- A relatively safe form of investment, with a stable and vibrant property market that offers lower risk compared to shares.
- Easy access to finance, with lenders offering home loans up to 100% of the property value.
- Easy research and due diligence, allowing investors to make informed decisions.
- Opportunities for asset financing, making it easier to invest in real estate.
While investing in Kenya's real estate presents several benefits, it is essential to conduct thorough research and due diligence to ensure a successful investment.
