×
The Standard e-Paper
Kenya's Bold Newspaper
Mortgage accounts with more than one missed payment more than doubled in 2025, pointing to the financial strain a majority of Kenyans are experiencing amid prevailing economic conditions.
Kenya’s mortgage market expanded in 2025, with lower average mortgage rates and longer repayment periods, although affordability and high property costs remain major barriers to homeownership.
KMRC chief finance officer Nyale Yanga called for the use of alternative credit scoring models that consider non-traditional data such as rental payments or utility bills to assess creditworthiness
High land costs, costly titling processes, and regulatory frictions all compound the problem, inflating the final price of housing. Demand is not absent; it is simply priced out.
Sales of previously owned homes in the United States dropped in July, industry data released on Tuesday showed, as high mortgage rates -- and fears of further rate hikes -- weighed on activity.
Amidst the push by the government to expand the mortgage market in the country past 100,000, a new report shows that this home ownership model may not be suitable for Kenya.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
Join