The average cost of home loans under the State-backed affordable housing programme has this year jumped by a third, or nearly Sh1 million, on the back of climbing cost of construction.
Analysis of data shows the average size of mortgage increased 32.65 percent in 12 months through September to Sh3.96 million compared to Sh2.98 million in a similar period in the prior year and Sh2.36 million in 2021.
