This archive report was first published on 14 May 2020.
As the world grappled with the COVID-19 pandemic in 2020, Kenya's construction and property industry was severely impacted. According to a video report published on May 14, 2020, the industry had slowed down significantly due to the pandemic.
Housing prices in Kenya had fallen by at least 30 per cent, a stark contrast to the pre-pandemic market. The decline was a result of reduced consumer spending and decreased investor confidence.
The video report highlighted the challenges faced by the construction and property industry in Kenya during this period. It is a testament to the far-reaching effects of the pandemic on various sectors of the economy.
