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A modern house under construction in Funyula (PHOTO: FILE)

Kenya’s real estate sector has been booming for the past few years - thanks to a fast-growing economy coupled with a rapidly expanding middle-class.

Covid-19 also hit the sector hard last year - affecting mortgage repayments with data from the World Bank showing the country faces a housing deficit of 200,000 units annually.

However, less than 50,000 units are built annually due to the high cost of land and building materials. “More and more Kenyans are keen on going beyond just buying land to now developing these assets further to build their dream homes,” explains Optiven Group Chief Executive, George Wachiurii.