A real estate firm has said inadequate and the high cost of funds, increased supply and competition, as well as a lack of affordable development-class land, will affect the sector this year.
Cytonn Investments in an annual market report for 2018 released on Monday in Nairobi shows that mortgages have already reduced due to the interest-rate capping, with the number of active accounts dropping by 1.5 per cent to 24, 085 at the end of December.
