Apartments everywhere, but where are the buyers?

While Hass Consult Ltd was releasing the findings of their property index for the fourth quarter of 2015 on Monday last week, Timo Mutua, a caretaker on Kiambu Road, was feeling frustrated. This was as he showed one potential client after another a two-bedroom apartment with little success.

That morning alone, three people viewed the house, vacated a few weeks back. None of them committed to occupy it.