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Kenya’s super rich rush for houses

Suburban house on a sunny day

Kenya’s super-rich are buying more luxury homes in the country, signalling bargain hunting as prices for trophy houses soften, according to The Wealth Report 2019 released last week.

About 18 per cent of Kenya’s high-net-worth individuals’ (HNWIs) – those with a net worth of $1 million(Sh100 million) excluding their primary residences – bought new homes in 2018, with only eight per cent purchasing houses abroad.

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