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Last year’s purge on foreign nationals working in Kenya illegally has dealt a blow to Nairobi’s upmarket real estate sector, which has reported a decline in rental prices following a sudden drop in expatriates looking to rent out the high-end property.
Property firm Hass Consult said sales and rental prices for a number of residential areas known to host high-spending expatriates recorded a four per cent drop over the first quarter of 2019.
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