Roll out incentives to spur growth in real estate sector

Prices of renting and buying houses for low and middle income segments of the market have been on an upward trend since demand far outweighs the supply. Prices of houses being built are too high for most Kenyans and therefore there is demand for more affordable housing.
Failure to meet this demand is what has led to the mushrooming of slums and buildings collapsing due to use of low-quality building materials.
United Nations Sustainable Development Goal number 11 aims to promote sustainable building and affordable housing for all.

The Kenyan government recognises the need for safe and inclusive housing and introduced a new regime for taxation of rental income for residents in the Finance Bill 2015.