🏠 Kenyan Tenants’ Housing Dreams: Build, Buy, or Move On? 🛠️✨

When it comes to housing dreams, tenants in Kenya have made one thing clear: they’re not just looking for a place to live—they want a home that mirrors their aspirations. The findings from the 2023/24 Kenya Housing Survey reveal fascinating trends that builders, developers, and policymakers can’t afford to ignore.

1️⃣ Staying Put? Not So Much

The majority of tenants (a staggering 76.9%) wouldn’t buy their current homes if given the chance. Why? Their sights are set on something better—something that matches their vision of an ideal living space. This reveals a growing dissatisfaction with existing housing options and underscores demand for homes that align more closely with modern aspirations.

2️⃣ The Build-it-Yourself Boom

Given the choice, 55.5% of tenants would rather build their dream homes than buy ready-made ones. Why the preference? Customization is king! From tailored layouts to personalized aesthetics, tenants are eager to design homes that suit their unique needs and tastes. This trend signals a golden opportunity for businesses in construction, architecture, and home customization services.

3️⃣ Bungalow Bliss

When it comes to housing types, bungalows reign supreme, capturing the hearts of 63.1% of tenants. They’re followed by maisonettes at 23%, while apartments lag behind at just 9.5%. The allure of bungalows lies in their promise of privacy and space, features that resonate deeply with Kenyan tenants’ preferences.

💡 What This Tells Us

The data paints a vivid picture: tenants want more than just four walls and a roof. They crave spacious, private, and personalized homes that reflect their dreams and lifestyles.

For developers, this is a clarion call:

• Customization: Cater to the demand for tailored home designs.

• Bungalows: Focus on building homes that offer privacy and ample space.

• Family-friendly designs: Create homes that strike the right balance between functionality and size.

  
  

Kenya’s housing market is evolving, driven by tenants who are bold enough to dream and demand better. Builders and developers, are you listening?

2023/24 Kenya Housing Survey – Basic Report (KNBS)