Comfortable housing affordability on a Kenyan salary is governed by the Central Bank of Kenya's (CBK) 1/3rd Debt-to-Income (DTI) rule, which restricts monthly mortgage repayments to a maximum of 33.3% of your net monthly income. At current commercial mortgage rates averaging 13.5% p.a. over a 20-year tenure, your maximum home purchase price is approximately 2.5 to 3.0 times your annual gross salary...
A Market Shift, Not a Collapse Recent reports on Nairobi’s housing market show a softening in apartment prices, largely driven by oversupply in key urban zones. While this may raise concerns at first glance, the reality is more nuanced. This is not a market decline—it’s a shift in demand. As apartment inventory grows faster than buyer absorption, investors and homeowners are increasingly...
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