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NAIROBI Cheap Adidas Ultra Boost Parley , Aug. 30 (Xinhua) -- So many houses are being built in Kenya's capital Nairobi and other parts of the East African nation, but Kenyans are not taking up mortgages to buy them as banks tighten their purses following introduction of interest caps.

New data from the Central Bank of Kenya show on Wednesday that uptake of home loans fell for the first time in a decade last year even as property developers stepped up construction of houses that include maisonettes, bungalows and apartments.

As of December 2016, there were 24,085 mortgage loans in the market, down from 24 Cheap Ultra Boost Parley ,458 in 2015, a decrease of 1.5 percent due to tighter credit standards by commercial banks.

Kenya had 7,275 mortgage accounts in 2006, and they have been growing steadily to hit 24,458 in 2015.

However, last year Cheap Adidas Ultra Boost Mens , uptake fell for the first time in many years with the apex bank blaming it on the introduction of rate caps.