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Kenya: Property Prices

Steve Ntwiga Mugiri tells of the bust in the property boom bubble which hit the Kenyan capital of Nairobi some time ago: “In the coming months, look to see lots of people get burnt as they try to unload properties in Kilimani and Kileleshwa that they bought at ridiculous prices with the hope of reselling for a huge profit. The sad fact is that the demand for ownership of this type of unit simply does not exist any more.”

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