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Nearly half of Kenya’s real estate firms not regulated
While the sector’s growth has been evident, however, so have been cases of consumer violations where lifetime savings of thousands of Kenyans have vanished as some companies went under.
Nearly half of real estate companies in Kenya are unregulated, a new report shining light on some of the reasons that could have caused growing customer complaints in the sector has revealed.
The Real Estate Survey report 2023-24 reveals that 47.1 percent of the real estate firms are not registered with professional and regulatory institutions, mainly because they see it as unnecessary and not beneficial.
