Verah Okeyo ~ Low-Cost Housing Seen As Answer To Urban Housing Problems
In 2011, the UN-Habitat estimated that African cities will become home to over 40,000 people and the shortage of housing an unattainable dream for most households.
With an urban population growth at 4.2 per cent annually, Nairobi alone requires at least 120,000 new housing units annually to meet demand, yet only 35,000 homes are built, leaving the housing deficit growing by 85,000 units every year.
Coupled with the acute shortages, is the rising number of issues that any aspiring homeowner or institution seeking to set up facilities has to confront: HassConsult Real Estate’s 2015 report indicated a steep climb in land prices and ownership processes in Nairobi.
Read more: http://www.nation.co.ke/Low-cost-housing