What made news in the property sector in 2015

Swahilli houses surround section of the Waitiki land at Likoni, South Coast in Mombasa County. (Photo: Maarufu Mohamed)

As 2015 comes to a close, MKALA MWAGHESHA looks back at some of the major events that shaped the real estate sector in the year, and their implications Capital Gains Tax

The government re-introduced the Capital Gains Tax, levied at five per cent, on January 1. Most players had opposed the tax, saying it would lead to an increase in property prices.