By JOHN MUTUA More by this AuthorNearly 70 percent of households captured in a State survey had difficulties in paying their rent in May, highlighting the impact of Covid-19 hardships on the property market. In April, 30.5 percent of those interviewed were unable to pay rent while 19.7 percent paid partially, a pointer that the economy was hardest-hit in May. Of those who were unable to pay rent, 61 percent blamed it on reduced income while 25.7 percent attributed the challenges to temporary layoffs and closure of their businesses. “The majority of the households that were unable to pay rent cited reduced income or earnings as the main reason,” said Treasury Secretary Ukur Yatani Thursday. President Uhuru Kenyatta in April implored landlords to reduce the rent to cushion Kenyans grappling with job losses, salary cuts and unpaid leave.

Source: Daily Nation July 10, 2020 03:56 UTC