Kenya's affordable housing drive under the Big Four Agenda provides an opportunity for investors in Kenya, Pan-African professional real estate services provider, Broll Property Group, has said. In the 2021/22 financial year, National Treasury plans to spend at least Sh13.9 billion to drive the affordable housing agenda. According to the report, the abundant housing opportunities in Kenya also allow complementary users to be included in affordable housing projects, such as retail, office, institutional and also medical. For example, the online affordable housing platform developed by the government, known as Boma Yangu, has clocked up over 320,000 subscribers to date. Land cost remains a critical aspect in affordable housing, coupled with innovative ways of minimising overall projects costs, such as alternative building technologies.

Source: The Star July 16, 2021 06:22 UTC