The analysis of construction permit procedures in Kenya reveals a generally stable trend with minor fluctuations in value units over the past decade. Between 2013 and 2023, the number of procedures has varied, peaking at 19 units forecasted for 2025-2028. As of 2023, the number of procedures stood at 18 units, marking a 5.88% year-on-year increase from the previous year. The CAGR over the last five years was 2.38%.
Key variations:
- 2022-2023 YoY: 5.88%
- 2021-2022 YoY: 0%
- 5-year CAGR (2018-2023): 2.38%
- Forecasted 5-year CAGR (2024-2028): 1.09%
- Forecasted 5-year growth rate (2024-2028): 5.56%
Future trends to watch for include regulatory changes, technological advancements in permit processing, and economic factors that could impact the number of construction permits required. Monitoring these factors will provide insights into potential increases or stabilizations in the permit procedure landscape.
