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Kenya’s house prices rises slow on high interest rates

Posted on 12 April 2012

Kenya’s middle income housing market was hit hard in the first quarter of this year as high interest rates made it difficult for buyers to access financing for mortgages, a property index showed on Wednesday.
Housing has been one of Kenya’s fastest growing sectors over the last decade, fuelled by a growing middle class, with returns from real estate out pacing equities and government securities………………………………………..Full Article: Source


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