Data from World Bank shows that Kenya’s property industry is the 3rd highest rated and most developed in Sub-Saharan Africa. It has assets equal to over 3.5% of the country GDP. The demand of housing has remained on an upward trajectory having annual housing deficit. In 2019 for instance, the annual deficit was estimated to be 140,000 units per year.
The country can only supply approximate 30,000 units per year. The deficit stood at between 200,000 and 350,000 units per year. The growth of middle class whose spending power is also growing has led to more people looking for luxury homes.
The attractive rent income in Nairobi has also encouraged more local and foreign investors to venture into property market. At Tawala Homes we have dedicated team to work closely with developers to provide clients with stylish designs and provide properties with good returns and value of investments.
