Despite its attraction for investors, Kenya’s housing market is still a mystery in many ways.

This country of over 40 M people, has barely over 20 000 mortgage accounts, which is less than 3% of GDP.

At the same time, 1 dollar out of every 5 lent to the private sector went into either real estate, or the building and construction sector.

With a housing deficit estimated to be over 200 000 units a year, why are housing, and mortgages, un-affordable to most Kenyans?

That’s a question CCTV’s Ramah Nyang put to Johnson Denge, the Real Estate Services Manager at Cytonn Investments.