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Another key area that can shape the
housing sector in Nairobi is the
Interest rates which are expected to
reduce, as pressure is put on the
Central Bank and other banks. The
mortgage rates in Kenya are too expensive driving out low and middle
income earners out of the market.
For investors who would like to buy
a property and rent it, the best return the market will give is between
6 to 8 per cent. So if you are paying
your mortgage at an interest of 18%,
then there is nothing you’re doing
but expect loss.
We still hope that the new government will support the recently
i