An aerial view of Nairobi. [Wilberforce Okwiri, Standard]
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The rising cost of construction materials, oversupply of space and reduced lending have been named as the key challenges facing real estate in the first quarter of 2022.
According to Cytonn Quarter One (Q1), 2022 Markets Review, the cut in lending is on the back of an increase in the number of non-performing loans (NPLs) in the real estate sector in the financial year 2021.
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