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House prices stable on wealthy Kenyans

A “For Sale” sign stands in front of a house. If you think you have found the perfect property to meet your needs, there are a few ways to decide if you are getting the best possible deal. Photo/AFP

By  JAMES KARIUKI

Wealthy Kenyans defied the economic fallout from the Covid-19 pandemic to snap up high-end houses in the third quarter of this year, a new survey by the Kenya Bankers Association(KBA) shows, helping to stabilise prices in the real estate sector.

The Kenya Bankers Association - House Price Index (KBAHPI) shows overall house prices contracted by 0.08 per cent in the third quarter, a marginal improvement from the 0.20 per cent contraction in the second quarter of 2020.

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

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