Real estate sector gives tips to the State on how to enable affordable housing

Kenya’s property sector has called on the government in real estate to take steps to make housing more affordable for citizens, including building more low-cost homes, providing advances to borrowers and facilitating access to finance.

Speaking at a press conference in Nairobi on Thursday, Kenya Homeowners Council (CPK) Chairman Peter Mbugua said the sector is facing a number of challenges, including rising construction material prices. , the restriction of skilled labor and the government requirement.

“The real estate sector is facing a crisis and needs the government’s help to overcome it,” said Mbugua. “We need the government to build more low-cost housing, provide loan rewards, and facilitate access to finance.”

CPK: the real estate sector is facing a crisis and needs government help

Mbugua said that the real estate sector is one of the biggest employers in Kenya and that it plays an important role in the economy. He said the government must support the sector so that it can continue to grow and create jobs.

“Real estate is one of the biggest employers in Kenya and plays an important role in the economy,” said Mbugua. “We need the government to support the sector so that it can continue to grow and create jobs.”

The Kenyan government has an affordable housing program to build 500,000 low-cost homes over the next five years. The program is being funded by a combination of government and private sector resources.

The government is also providing guarantees for borrowers and facilitating access to finance. The government is also working to reduce the cost of building materials and increase the availability of embedded labor.

Kenya’s property sector is optimistic that the government will be able to deliver on its promises and make housing more affordable for citizens. The industry is also committed to working with the government to ensure the affordable housing program is a success.

The real estate sector is confident that, with the help of the government, it will be able to make housing affordable for all Kenyans. The sector is working with the government to implement the necessary measures to make housing affordable.

Here are some additional details on the tips the real estate industry has given the government:

• The government must provide affordable land to housing developers. The sector said the government should allocate land to housing developers in strategic locations and at affordable prices.
• The government must streamline the planning and construction process. The sector said the government should simplify the process of planning and building houses. This will make it easier for developers to build houses and reduce the cost of construction.
• The government must provide subsidies for homebuyers. The industry said the government should provide subsidies to low-cost homebuyers. This will make it more affordable for people to buy houses.
• The government should encourage developers to build low-cost homes. The sector said the government should encourage developers to build low-cost homes. This will make it more affordable for people to buy houses.
• The government must provide finance to homebuyers. The industry said the government should provide finance to homebuyers. This will make it more affordable for people to buy houses.

The real estate sector is confident that, however, with the help of the government, it will be able to make housing affordable for all Kenyans. The sector is working with the government to implement the necessary measures to make housing affordable, thus ensuring that all Kenyans have access to safe and decent housing.

Reference: The Stars

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