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Expatriates exodus cuts rents in high end residential estates

Some of the most luxurious residential spaces in Nairobi have had to make do with decreasing prices, with the average declining by 2.9 per cent over the first half of this year.

This was significantly more than the decline of 1.8 per cent in the first half of 2019, pushing the annual decline to 5.1 per cent in the year to June.

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