A new study by HassConsult indicates that Kenya's property market is safe from a housing bubble due to the prevalence of cash-based transactions, with only a small percentage of units purchased through mortgages. This unique market structure provides resilience against economic downturns compared to mortgage-heavy international markets.

• Only an estimated 0.1 per cent of Kenyans hold the approximately 30,000 active mortgages, accounting for just 1.6 per cent of the country’s GDP in 2022.
• The study, titled The Kenyan Residential Property Market, compares Kenya to countries like South Africa, Switzerland, and the United States.
• Over the last 25 years, property prices in Kenya have grown by 425 per cent, significantly outperforming other markets such as the United States (201 per cent) and South Africa (69 per cent).