Browsing: Capstone

UK investors Capstone Projects keen on getting a share of affordable housing in Kenya. PIC

Real estate developers, Capstone Projects, have set foot in Kenya seeking to invest in the construction of affordable houses for middle income earners.  

The firm, which also doubles up as a specialist in solar energy, looks to deliver sustainable housing projects in both Kenya and Mauritius.  

According to the Director of Capstone, Mr David Sweed, developers, authorities, financial institutions are all missing an opportunity by focusing residential developments on the property for the well paid or high end. 

In Kenya, according to a recent report by Cytonn notes that with a rapidly growing population and more so, an increasing middle class, the residential sector has recorded the highest demand with the nationwide housing deficit standing at 200,000 units annually and an accumulated deficit of over 2 million units.  

However, the largest demand has been for affordable housing to cater for the 61% of urban dwellers who live in slums and