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Browsing: Segmented Nature of Kenya’s Housing Market: Regional and House Type Influences
- Kenyan home buyers are looking for cheaper houses despite an overall drop in real estate property prices
- In addition, there was a slight activity increase in the high-market section, to account for 17 per cent in quarter four from 15.2 per cent in the third quarter.
- These variations underscore the segmented nature of the housing market, influenced by both region and house type.
Kenyan home buyers sought cheaper houses despite an overall drop in real estate property prices throughout last the year, according to a new report.
The latest Kenya Bankers Association (KBA) Housing Price Index shows that the low market segment (Affordable Housing) recorded high demand in the last quarter, accounting for 62.3 per cent.
The shift to the low end was a steep rise compared to 48 per cent recorded in the previous quarter.
Price reduction came amidst challenges like high inflation and a weak shilling, which reduced …