Jittery investors cut Nairobi projects on affordable housing plan, costly loans

Ongoing construction of Affordable Housing Project in Elburgon, Nakuru County.

Photo credit: John Njoroge | Nation Media Group

The number of houses built in Nairobi City last year grew by a slower rate of 12 percent, an indication of a wait-and-see stance by some private developers, amid costly credit and as the government ramped up its affordable housing programme.

In 2022, the number of houses built in the city grew at a faster rate of 27 percent, data from the Kenya National Bureau of Statistics (KNBS) shows.

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