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The number of mortgage accounts in Kenya is fewer than 30,000, a figure he says highlights the huge gap between the potential market and the number of Kenyans actually taking home loans.“I'll say one of the constraints to both home ownership by Kenyans but also to scaling by real estate developers has been the weakness or gaps in the demand-side financing,” Mr Kariuki says.
Photo credit: Shutterstock Mr Kariuki estimates that the number of mortgage accounts in Kenya is fewer than 30,000, a figure he says highlights the huge gap between the potential market and the number of Kenyans actually using mortgage financing.
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