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House prices fall as developers struggle with unsold units

Housing Property
Sakina Hassanali Head Of Development Consulting & Research Hass Consult,Hass Consult unveiled land price trends revealing that investors have adopted a cautious approach towards investing in Nairobi's Donholm suburb which has seen prices in the area drop by 2percent in the quarter [Photo, Wilberforce Okwiri]

The real estate sector is a buyer’s market as distressed sellers move to discount property prices.

This is according to the Hass Property Index quarter two report for 2019 released yesterday in Nairobi. The House Price Index showed that property prices fell by three per cent. Detached houses dropped by 4.5 per cent in the quarter, making them “the best deals for bargain hunters”.

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