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Competing returns from debt securities issued by the government such as Treasury Bills (T-Bills) and bonds have been mentioned as some of the key reasons behind the sluggish demand for Real Estate Investment Trusts (Reits) in the country.
An analysis of the housing market in Africa where Kenya is featured shows there is competition for capital between Reits and the government.
It also shows that the returns from government T-Bills and bonds are usually so attractive that investors choose to put their money there.
Facts First
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