Demand for housing in Kenya remains flat in Q3

An apartment block in Nairobi. There is subdued demand for investments in the housing market. FILE PHOTO | NMG

The housing market in Kenya is experiencing a significant oversupply that has resulted in flat prices during the third quarter of this year.

Even as the government puts in place mechanisms to supply over 500,000 units of affordable housing over the next four years as part of its Big 4 Agenda, developers targeting the middle and high-end market segments have seen subdued demand.