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The Standard e-Paper
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The Standard Group Plc is a
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influence in matters of national and international interest.
NAIROBI, KENYA: Kenya’s real estate market is showing signs of cooling down after years of record growth as jitters over the August 8 General Election and the interest rate cap introduced last year eat into investors’ earnings.
Data from several housing indices released in the past month show growth in property prices across the country has slowed for the fourth consecutive quarter, with experts warning the trend is likely to persist over the short to medium term.
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