Cheaper home loans are in the offing following measures taken by Kenyan Finance Minister Uhuru Kenyatta in the 2010/2011 budget. Housing Finance Managing Director Frank Ireri has welcomed the measures arguing it would make it easier for more Kenyans to own homes. He particularly praised the move to allow mortgage companies to operate current accounts to attract low cost customer deposits.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time? If not, which is one is true? HousingWire Columnist Logan Mohtashami takes a deeper dive.
While rent prices are going up, the latest 3% year-over-year increase marks the slowest pace in 18 months, according to a new report from RentCafe.