Construction lifts off after virus shocks

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People Daily | by Steve Umidha


A raft of policy reforms and relief measures targeting Kenya’s construction industry could have paid off as the market starts recording an increase in requests for home loans.

This as investors who had frozen investments in the sector at the peak of the Covid-19 pandemic crisis return to the market on improved business environment.

Some of the measures making investment in homes ideal include lower annual interest rates on home loans, nearly half the prevailing market rates to 7 per cent. The Kenya Mortgage Refinance Company (KMRC) has also…

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