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Opinion: Reduced taxation key to low cost housing

In the minds of many Kenyans, real estate developers and by large anyone in real estate industry mints a lot of money.

The real estate sector has, for some time now, continued to blossom contrary to the expectation of many economic pundits.

Many articles have been written in the past on eminent real estate bubble, but years have passed by and the sector is still booming. Of course proponents of the bubble were oblivious of our large housing deficit and instead solely qualified their reason on the high-end housing prices that had proliferated as being unsustainable.

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