El-Kengsha Property developers in kenya

Housing Finance to set up fund for property

Housing Finance is planning a property fund, which it expects will be a key driver of its business in the coming years.
The fund, according to the managing director Mr Frank Ireri will be structured in away that it will bring all key players in the housing industry to help them meet supply challenges.
“We have now made supply a key driver in our strategy and the property fund fits well within it,” Mr Ireri told the Nation in Nairobi on Wednesday.
The housing market in Kenya has over the years faced a huge supply challenge for both government and private sector players.
With availability of only about 35,000 housing units in urban areas, the deficit remains huge from a growing demand of 150, 000 units every year.
Cost of land
Other main challenges for the sector especially in urban areas have been the cost of land and adequate infrastructure that will encourage development.
They are such impediments that the fund would be seeking to go round in increasing industry supply of units.
Hugely affected by this is the provision of low cost housing to an increasing lower and middle income classes in the country. Read more

Comments are closed.

El-Kengsha Property developers in Kenya

Hotel map

Contact us

Email: info@el-kengsha.com
Tel: +254-701074066 or +254-756945310