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What if Kenya's property bubble were to go burst?

According to real estate firm Hass Consult, property prices in the nation’s capital have risen 535 per cent since 2007, with an acre of land now going for Sh473 million in Upperhill, Sh361.7 million in Westlands and Sh370 million in Kilimani.

All this is correlated to the growth of Kenya’s middle and upper classes. Combined with the hold that aspirational marketing has on our country, we have more people able to spend money on luxuries like gadgets, holidays, fine wining and dining, and cars.

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