Starter Homes Are Still Unpopular Among Many

Phase One comprising 120 units is ready for occupation. The uptake of these units has been good.

Question :Is the original goal of First Homes — offering starter homes to first-time buyers — being achieved?

Answer:Our idea was to provide affordable houses for young people that have just started working to buy and avoid paying rent. However, most of our customers have been investors buying to let out the units and not the youth buying to live in them You had earlier intimated that the two-bedroom houses, which were selling for about Sh3 million, were in high demand compared to the bedsitters.

Question:Why is that so?

Answer: This could have been because people want to keep to what they are used to. Many are used to living in one and two-bedroom houses. The concept of studio apartments is relatively new in Kenya. However, this has since changed and the uptake of studio apartments is now better.
Read more at: https://www.standardmedia.co.ke/lifestyle/article/2000201495/starter-homes-are-still-unpopular-among-many