Middle-Income Market Fueling Urban Property Development

The demand for housing in urban areas in Kenya has been growing over the past decade even as supply drops, leaving a deficit of over 120,000 units annually. But lately, real estate developers have been focusing on apartments which come with many units to cash in on the growing middle income class demand. MR KABAKI WAMWEA, the director of County Developers which is developing the Runda View Apartments in Ruaka, speaks about the changing trends in the housing market.