Most individuals in real estate in Kenya, purchase property with a down payment with the balance through debt-financing. The principal amount is paid gradually and then more hastily towards the end of the amortization period
How much is real estate worth in Kenya?
The average price for a 1-3 bedroom residential property is currently KES 14.4 million (US$140,666), while the average price for a 4-6 bedroom residential property is KES 39.1 million (US$ 381,948). In Kenya, most property purchases are for cash.