Construction sector tipped to rebound on State’s housing plan

Workers at a building site. JARED NYATAYA PHOTO | NMG

Construction activities are likely to rebound this year from a six-year low buoyed by State’s affordable housing plan, relative political certainty and optimism over review of a cap on loan charges, developers have forecast.

Organisers of the annual East Africa Property Investment (EAPI) said real estate investors are “energised” by the State’s plan to give incentives for construction of up to a million residential housing units by 2022 at Sh2.3 trillion.

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