Construction Cost and the Growth in Supply of Real Estate Housing in Kenya

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dc.contributor.authorNgugi, Samuel Mungai
dc.contributor.authorWamugo, Lucy
dc.date.accessioned2020-12-10T08:01:05Z
dc.date.available2020-12-10T08:01:05Z
dc.date.issued2016
dc.descriptionAn Article Published in American Journal of Financeen_US
dc.description.abstractPurpose: The main purpose of this study was to establish the effects of construction cost on the growth in supply of real estate housing in Kenya. Methodology: The study adopted a descriptive research design. The target population was 78 registered real estate companies in Kenya. The sample size was therefore 39 registered real estate companies in Kenya. Primary data was collected through the administration of the questionnaires Results: The study found that finance cost, cost of building materials, cost of land and tax cost have a statistical and negative influence on the growth of supply of real estate housing. The study also concludes that increase in growth of real estate market despite the high interest rate could owe to the price inelastic demand for housing owing to economic disparity in the country. While low income earners, who are majority, are pushed away to less glossy and crowded homes where survival supersedes luxury, the upper middle income purchase of housing units is on the upward spiral. Unique contribution to theory, practice and policy: The study recommended that the government should lower interest expenses so as to encourage the increase in supply of affordable real estate housing. The bank should also lower their interest rates so that the real estate firms can be able to increase the supply of housing. The study also recommends that investors should consider investing in the real estate market despite the erratic interest rates.en_US
dc.identifier.issn2520-0445
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/21109
dc.language.isoenen_US
dc.publisherAJPO Journalsen_US
dc.subjectConstruction costen_US
dc.subjectSupplyen_US
dc.subjectGrowthen_US
dc.subjectReal estateen_US
dc.titleConstruction Cost and the Growth in Supply of Real Estate Housing in Kenyaen_US
dc.typeArticleen_US
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