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Developers count losses in housing market slump

National Housing Corporation houses in Nairobi West. [Wilberforce Okwiri, Standard]

Growth in Kenya’s property market will remain stunted at least into the short term as lack of credit dampens growth.

According to the Kenya Bankers Association (KBA) Housing Market Index for the second quarter of 2019 released yesterday, the lack of credit has constrained the market’s ability to rebound.

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