www.ntv.co.ke The mortgage rates in Kenya are considerably higher compared to those in developed markets leading to fewer Kenyans with ability to afford houses. According to James Salaton, a Business Development Manager with Up market Realtors, the high cost of housing coupled with high inflation have combined to put Kenyans at a major disadvantage over house ownership. Kenya’s gross demand for houses remains by far in excess of the current supply, with the slow speed of transactions involving land also acting as an impediment to the alleviation of the housing shortfall. …

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Untamed inflation’s impact on housing market