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Bulk buyers: What the property market misses in turnaround plan

An open dinning place and a sitting room at the MI VIDA homes at the Garden City in Nairobi. [Wilberforce Okwiri,Standard]

Behind the aggressive push fueling the construction boom under the affordable housing programme is a sustained narrative that Kenya has a shortage of two million units.

This insinuates available demand. Director of Zima Homes Etta Madete however, questions the quality of this demand? “There is this two-million deficit, the demand is there, but it is not qualified demand,” she says. “And if you don’t facilitate end user finance, it does not matter how big, fast or beautiful you build.”

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