Tag Archives: Off-plan sales

Interest rate cap laws pushes Kenya real estate developers to alternative financing models

NAIROBI, KENYA: For years, property developers have had to contend with high land costs (grew by 19.4 per cent over the last five years), high construction costs (normally 70 per cent of total project costs), and lack of requisite infrastructure. They have had to rely on financial institutions and their own resources to meet such costs. But […]