期刊名称:South Asian Journal of Social Studies and Economics
印刷版ISSN:2581-821X
出版年度:2020
卷号:8
期号:2
页码:14-23
DOI:10.9734/sajsse/2020/v8i230206
语种:English
出版社:Sciencedomain International
摘要:Aim: This was an investigative study on affordable housing in the wake of global pandemics: A reality or a mirage the Kenyan perspective? 22 % of Kenyans stay in towns and the inhabitants in these cities continue to grow at the rate of 4.2 % annually. This growth rate has outstripped the supply of housing units built. For instance, Nairobi needs a minimum of 120,000 new houses per annually to satisfy the demand but a paltry 35,000 units are constructed annually. The excess demand is likely to continue pushing the housing prices beyond the reach of many Kenyans. Studies conducted in Kenya on housing prices focused on non-macroeconomic determinants and more importantly none of the studies globally envisaged how global pandemics can influence housing prices. Therefore, the influence of global pandemics like Corona Virus Disease (COVID-19) and macroeconomic factors on housing prices in Kenya remains unknown.