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Interest caps hurting mortgage uptake, say real estate investors
A real estate development in Kiambu County. The government might not achieve much in its efforts to shoulder the burden of housing through development pacts, say investors. PHOTO | salaton njau
An investment firm is rooting for review of the credit ceiling law to address urban housing shortage. It says the move will encourage many financial institutions to venture into mortgage financing, unlike the current situation.
Cytonn says the government will not achieve much in its efforts to shoulder the burden of housing through development pacts and floating of financial and legislative rebates.
