The Mortgage Company (TMC)says only a fifth of Kenyans living in - TopicsExpress

The Mortgage Company (TMC)says only a fifth of Kenyans living in urban areas can afford a home loan priced at Sh1million & above. The high cost of money & low incomes have lockout a large fraction of Kenyans from accessing loans market, limiting its growth. With current interest rates, Kenyas urban families cannot service a Sh. 700,000 mortgage dampening the markets growth & forcing many families to live in rented units. How will the government achieve its housing targets for Vision 2030?

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