The housing shortage in this country is a matter of dire concern. Reuter’s news agency in May 2019 reported that there was an estimated 200,000 annual housing shortfall expected to rise to 300,000 by 2020. One would expect this shortfall to make the mortgage industry quite vibrant. However, that does not seem to be quite the case. The Central Bank of Kenya (CBK) reports that there were only 26,187 active mortgage loans by December 2017.
