Experts take: The state of housing in Kenya [video]

The real estate sector is one of the struggling sectors for more than a year since the advent of the COVID-19 pandemic.

Data from the Central Bank of Kenya (CBK) shows mortgage default went up by 48 percent in the first quarter of this year, a clear indication of the impact of the virus on investment in the housing sector in the country.

On property acquisition, purchase of properties in the country’s high-end areas dropped while there’s an improved performance in the mid and neutral performance for the low-end areas.

According to experts, the whole industry is expected to rebound especially after the forthcoming presidential elections.

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