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Investors urged to prioritise affordable housing

Keza

Keza housing project in Riruta, Nairobi.

Photo credit: Courtesy

What you need to know:

  • Housing deficit in Kenya currently stands at an estimated 80 per cent.
  • Keza project is an affordable housing project coming up in Nairobi’s Riruta area.

Investors looking to expand their real estate portfolios have been urged to consider investing in affordable housing developments, whose demand is on the rise, making a return on investment guaranteed.

According to Mi Vida Homes CEO, Samuel Kariuki, investing in affordable housing developments will not only provide a steady stream of income in the form of rental payments, but will also help to bridge the housing deficit in Kenya, which currently stands at an estimated 80 per cent.