Why low cost housing remains a tricky game for most developers

The Kenyan annual housing deficit stands at 200,000 units against an annual supply of 50,000 units, according to statistics. The World Bank housing report released in April 2017 further expands that there’s an estimated accumulated housing deficit of over two million units, and nearly 61 per cent of urban households live in slums.

This is aggravated by an urbanisation rate of 4.4 per cent equivalent of 500 thousand new city dwellers every year.