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How weak shilling lifted house prices in Nairobi

How weak shilling lifted house prices in Nairobi
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Posh Nairobi Estates Deserted by Wealthy Kenyans Sell Houses at Cheaper Prices

Although an acre of land in most leafy suburbs remains above Ksh50 million, some property owners are willing to sell houses even as low as Ksh4 million. ....

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Why Kenyans Demand For Affordable Homes Has Dropped - Report

The decline in acquiring homes has been sharp affecting the entire home ownership market. ....

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Student housing drives up land prices in satellite towns

Students, the teaching fraternity, and ancillary services providers are looking for quality housing that will also reduce their transportation costs and commuting time. ....

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Nairobi's building approvals dip Sh33bn on pandemic

Nairobi’s building approvals dip Sh33bn on pandemic
Summary
The value of building approvals in Nairobi fell Sh33.4 billion in the two months to February, compared to a similar period last year as investors froze investments on the economic uncertainty caused by the Covid-19 pandemic.
Data by the Kenya National Bureau of Statistics (KNBS) shows that approvals fell to Sh18.4 billion, representing a 35.5 per cent decline.
The declining performance of the larger built environment industry is attributed to high national debt, labour shortages and reduced infrastructure spending.
Thursday May 13 2021
By KEVIN ROTICH
Summary
The value of building approvals in Nairobi fell Sh33.4 billion in the two months to February, compared to a similar period last year as investors froze investments on the economic uncertainty caused by the Covid-19 pandemic. ....

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