✉news BusinessBanking first seen 55 min ago, last 55 min ago, peak #23
Kenya mortgage loans rise to Ksh307 billion
Original: CBK: Mortgage loans hit Ksh307B as average borrowing rises to Ksh10M
The Central Bank of Kenya reports that mortgage loans have reached Ksh307 billion, with the average mortgage rising to about Ksh10 million. The figures point to continued growth in Kenya's housing finance market, but also highlight affordability pressures as borrowing sizes climb, a topic drawing attention from homebuyers, lenders and property analysts.
Why now: New Central Bank of Kenya data shows rising mortgage debt and larger average loans, raising questions about housing affordability.
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