Mortgages fall short in solving Kenya's housing crisis

Mortgage model of home ownership is increasingly being viewed as unsuitable for Kenya’s economic structure...

✨ Key Highlights

A new report suggests that the current mortgage model is not effectively addressing Kenya's housing deficit, with Financial Sector Deepening Kenya identifying affordability as a persistent challenge.

The report labels the mortgage system as more of a wealth accumulation strategy than a solution to the country's housing crisis.
Key organizations involved include Financial Sector Deepening Kenya and the Kenya Mortgage Refinance Company.
A major obstacle is the affordability of mortgages for the majority of Kenyans.

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