24.10.2008 - Kenya’s property market now faces a bubble burst
From Bdafrica.com: Kenya’s classiest houses are set to suffer falling prices for the first time in a decade as inflation, falling remittances and tighter mortgage terms squeeze cash out of the market. Property marketers say apartments in Nairobi’s leafy suburbs and build-to-sell bungalows in Mombasa may be hit hardest, as global economic meltdown hits Kenyans abroad, limiting their participation in the local market..... Full Article: Source
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