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Nairobi developers are counting huge losses following a persistent slump in the prices of most property segments, new data shows.
According to the latest edition of the Knight Frank Prime Global Cities Index, values of prime residential real estate in the capital fell by 4.5 per cent in the nine months to September this year. Property values have been on a sustained decline since 2016, with Knight Frank attributing the drop to oversupply and distressed liquidity during the period under review.
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