Why home buyers should embrace long tenor loans

Reliance on informal tenure or self-building leaves many exposed to rising rents and poor housing.

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Recent data from the 2023/24 Kenya Housing Survey shows that only 26 percent of urban households own their homes, while the majority—over 70 percent—rent, often in informal or insecure arrangements. In rural areas, homeownership is higher at 88 percent.

Reliance on informal tenure, personal savings, or incremental self-building leaves many vulnerable to rising rents and inadequate housing conditions.

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