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Kenya: A recently released report shows that while the top end of the market reported a slowdown towards the end of 2014, demand in the low and middle-income residential areas far outstripped supply.
“Activity (in the high-end residential segment) has been affected by an oversupply of prime property and security concerns, which have been most evident in Nairobi and Mombasa. However, the low to middle-income residential market remained resilient, with demand for such housing still outstripping supply,” says the Knight Frank Africa Report for 2015.
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