Land value index plan to tame speculators

A sign post advertising land for sale in Kieni on July 22, 2015. PHOTO | JOSEPH KANYI

The State is set to roll out a value index to make Kenya’s land market transparent and cut wasteful public project spending due to speculative activity that drives up costs, the World Bank has said.

The long-awaited index is also expected to boost own-source revenue collection by counties from land property.

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