Property returns to drop over elections

A housing project in Kiambu. FILE PHOTO | NMG

Returns on investment for residential property is projected to slow down 3.2 percentage points this year on reduced demand following uncertainty around the August 8 polls.

Total returns are projected to average 9.4 per cent compared to 12.6 per cent in 2016, a report by Cytonn Real Estate said, attributed to lower price appreciation.

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Note: The results are not exact but very close to the actual.