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Nairobi loses top spot in increase of luxury home prices
The average rise in the property price for Kenya was below the global average of two per cent. GRAPHIC | BDAfrica.com
Kenya lost its top position in Africa in terms of the rise in high-end real estate prices as demand slowed in 2014, shows a new report by property management firm Knight Frank.
The prices of luxury homes purchased by the super-rich rose by only 1.4 per cent last year compared to 4.9 per cent a year earlier — underlining high supply in the market.
