Victor Shille Estates Managing Director Victor Samiselo has observed that the lack of adequate finance and high mortgage rates have made the construction of housing overly expensive. Revealing that an average three-bedroomed house costs over K1.2 million, reflecting the adverse struggle that most landowners face. “There is no bridge in the middle when it comes to owning property, the average three bedroomed house costs K1.2 million, the average mortgages are between K400 and K1 million now the property developer is not in a position to bow down to the needs of the prospective purchaser, he said in an interview with...
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