Housing in Nairobi Kenya only meets twenty percent in supply. This means that there is a threshold of up
to eighty percent in housing that has not been met. As a result, the demand for affordable and quality
housing is on the rise.
This being the case, the Kenyan government has set up policies to help improve the housing problem in
Kenya. Amongst these policies is the establishment of the Kenya Mortgage Refinance Company (KMRC).
This is a public-private partnership aimed at providing long-term funding to primary mortgage lenders.
Additionally, has also included waived stamp duty fees on houses costing less than Ksh. 500,000. The
reduction is from 4% to 2%. However, there is much more to be done and at Alif Homes, we have taken
the initiative to provide affordable and quality housing in Nairobi.
There are ways in which we have achieved this. We have enforced government subsidies to help offset
the costs of building affordable housing units. This has been applicable in different ways which include
the tax incentives to developers by the government when building properties.
The success of housing in Kenya that is affordable and of quality has come with various considerations.
Firstly, we have ensured our properties are in prime areas of Nairobi. Our projects Skyway and Utopia
Parklands are both located in Parklands.
Secondly, we have ensured to provide a variety of apartment sizes. Our range of apartments starts from
a 1-bedroom apartment to a 2,3 and 4-bedroom apartment. We understand that the sizing of property
matters to many Kenyans and should match its pricing.
Thirdly we have taken measures to ensure our properties come with amenities state of the art amenities.
This includes a heated swimming pool, a gym, a kids’ play area and so much more.
Most importantly, we have included various ways of affordable financing when seeking to purchase our
properties.: You can seek out financing options that are specifically designed for affordable housing
projects.
The buying process can be smooth and successful. We encourage you to reach out to us today.