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Housing

Equity Bank enters into financing agreement with Mabati Mills to boost low cost housing


By Ben Kinyanjui

Equity Bank has entered into a financing agreement with Mabati Rolling Mills (MRM) to provide steel materials to build low cost houses.Equity Bank CEO Mr James Mwangi says mortage portfolio growth is goodEquity Bank CEO Mr James Mwangi says mortage portfolio growth is good

The joint partnership allows salaried individuals and entrepreneurs with a monthly income of at least Sh20, 000 to access an empowering micro mortgage product designed to facilitate the erection of low cost housing units using steel structures manufactured by MRM.

Building sector growth slows down during the first half of the year

 

By Ben Kinyanjui

Growth in the multi-billion shilling building and construction industry slowed down during the first six months of this year due to high inflation and weakening shilling.

Housing minister Soita Shitanda says construction industry hit by high inflation rate and weakening shillingHousing minister Soita Shitanda says construction industry hit by high inflation rate and weakening shilling

Housing minister Soita Shitanda says cement consumption that is a key indicator of activity in the sector declined by 6.5 per cent to 256,326 tonnes in June compared to 274,073 in June last year.

High inflation rate forces workers in most urban centres to seek cheaper housing

By Ben Kinyanjui

 

High inflation rate has forced workers in most urban centres in the country to seek cheaper housing in the outskirts, says Hass Property index report for the third quarter of this year.

High inflation rate pushing workers to the outskirtsHigh inflation rate pushing workers to the outskirts

Also affected by the inflationary and currency pressures is the entire construction industry that has slowed down due to low demand for houses as well as high cost of building materials.

Housing prices in Kenya decline due to economic slowdown and high inflation

 

 

By Today Financial News Reporter

 

Housing prices in Kenya have gone down marginally due to slow economic growth and rising inflation that has triggered high cost of living.


According to Ms Farhana Hassanali, Property Development Manager, HassConsult Limited, a leading estate management in Kenya, prices had fallen by two per cent in the second quarter, down from 1.8 per cent growth in the first quarter.

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