Land prices soar 20pc on Nairobi Expressway lift
The value of land surged by a high of 9.49 percent in the year to September due to better accessibility in the towns through improved infrastructure.
Stay updated with breaking news from Daniel Ojijo. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The value of land surged by a high of 9.49 percent in the year to September due to better accessibility in the towns through improved infrastructure.
According to the National Housing Corporation, about 2 million units are needed to fill the housing deficit in the country.
Property developers are looking to the new government led by President William Ruto to cut red tape in approval processes and help unlock cheaper credit.
The price of key construction materials, including steel, paint, and cement have shot up due to local shortage, prompting industry groups and contractors to warn of a slowdown in the sector.