New reports show changing tastes of home buyers

Two reports on the status of the housing sector were released over the last one week. These are the Hass Property Index for the second quarter of 2016 released last week and the Kenya Bankers Association – Housing Price Index released on Monday, also covering the same period. Both reports brought out the fact that consumer preferences were defined by, among other things, size, space and amenities.

The biggest take home from the bankers index was that house prices were still rising, albeit marginally. And this, according to the report, showed that the sector was stable.  The same report also pointed out that the “market and supply dynamics”  had not changed significantly from the previous quarter.