Affordable housing: A real shot at home ownership or hot air?

Homeownership in Kenya has been a farce for most people due to highly varying interest rates and houses priced beyond the reach of most in the formal and informal sectors. PHOTO | WACHIRA MWANGI | NMG

Homeownership in Kenya has been a farce for most people due to highly varying interest rates and houses priced beyond the reach of most in the formal and informal sectors.

This is why the recently renewed impetus by the government to build 20,000 affordable houses a year and a target of half a million homes in five years is creating a buzz among investors, potential buyers and renters alike.

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Note: The results are not exact but very close to the actual.