Low cost houses under construction in Athi River, Kenya. The country faces a difficult task attracting developers to a low-income housing sector. FILE PHOTO | NMG
Kenya faces a difficult task attracting developers to a low-income housing sector that has been ignored for a long time due to its low returns. The government wants to deliver at least 500,000 low-cost housing to its citizens in the next five years.
Property consulting firm Knight Frank said developers have shunned the low-end property market due to its high risks and low margins.
