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Wealthy Kenyans rush for London prime properties
Home ownership is pursued almost as a right in Britain but the housing market has a history of boom and bust -- and fears are growing of a new bubble.
Wealthy Kenyans are investing millions of shillings in London’s real estate market, where they are taking up luxury apartments with price tags of up to Sh32 million each for one-bedroom units.
Seer Acquisitions, a real estate selling agency that has been wooing Kenyan investors says Nairobi property buyers have increased to account for up to one-fifth of its global clientele base.
