Investors turn to low-cost homes as glut hits high end of market

The lower-income housing segment is the next frontier for wealthy real-estate investors as the high-end market becomes saturated, Dyer & Blair Investment Bank and realtors managers Mentor Management Ltd (MML) say in a new report.

Kenya has an annual shortage of 150,000 housing units, mainly in the lower end of the market where developers have been wary of investing due to the high cost of finance.