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{
"id": 145095,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/145095/?format=api",
"text_counter": 162,
"type": "speech",
"speaker_name": "Mr. Shitanda",
"speaker_title": "The Minister for Housing",
"speaker": {
"id": 207,
"legal_name": "Peter Soita Shitanda",
"slug": "soita-shitanda"
},
"content": " Mr. Speaker, Sir, I beg to reply. (a) Between 2004 and December, 2008, housing property prices in Nairobi, and its environs have increased by approximately 100 per cent, while property prices in other urban areas have increased by between 30 and 50 per cent. (b) The primary reasons for the huge increase in housing property prices in urban areas include high cost of land, mainly due to scarcity of serviced land, increased cost of building materials, supply of housing units being low at approximately 30 per cent of the total demand, sustained growth in the Kenyan economy by up to 6 per cent per annum in the last three years, preference by the investing public in housing investment as compared to stock market instruments, increased availability and access to credit, increased inflows from Kenyans living in the Diaspora into the housing sector, growth in urban population and increased rural-urban migration spurred by increased economic opportunities in urban areas. (c) A number of measures have been taken, including rationalisation of the Ministry to ensure more focus on specific programmes aimed at facilitating the issue of delivery of affordable housing to Kenyans. We also have the Slums Upgrading Programme, dealing specifically with issues of slum upgrading and ensuring that people living and working in slums have access to affordable decent housing and related infrastructure. We also have tried to provide housing infrastructure and encouraged partnerships with the private sector to enable an increase in housing stocks and serviced land for housing. My Ministry has also submitted to the Ministry of Finance, for consideration and implementation, a detailed list and analysis of proposed incentives that would lead to increased investment in housing by local and private sector players. My Ministry is also trying to establish appropriate building technology centres in all the 210 constituencies to"
}