Garam Investments Auctioneers, one of the largest auctioning firms in the country, has put on sale properties including houses, offices and land valued at over Sh7.97 billion, giving a glimpse into the economic hardships facing individuals and businesses.
The Sh7.97 billion guide price means the properties on sale have a market price worth more than Sh10 billion given that auctions are by law allowed to pick a reserve price that is 25 percent below the market value.
