Affordable housing in Kenya will remain a pipe dream if the problem of land speculation and hoarding is not urgently addressed. Inaccess to large pieces, serviced and affordable parcels is discouraging private developers from investing in affordable housing projects.
One of the quickest ways to riches in Kenya is to buy a piece of land, leave it idle and then cash in when the price goes up. Individuals and groups resort to speculating in idle pieces as a real estate investment strategy.
