Why Are Homeownership Rates Dropping in Urban Areas Compared to Rural Areas in Kenya?
Owning a home is a big deal. According to the Kenya Housing Survey 2023-2024, homeownership rates have dropped from 64% in 2013 to 61% in 2024. Urban real estate prices in Kenya have skyrocketed in recent years. Policymakers and developers must work towards making homeownership more accessible in urban areas . Owning a home is…