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A Cytonn Investment report last year showed that real estate had contributed nine per cent to Kenya’s economy, posting the greatest growth compared to seasoned contributors like the financial and agricultural sectors.
According to the Kenya National Bureau of Statistics, over the last five years, the the real estate sector has consistently outperformed other asset classes, giving a return of between 25 per cent and 30 per cent. Residential properties generated an average rental yield of five per cent while commercial ones had an average yield of over nine per cent.
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