House prices flat on low credit and prolonged polls

Residential apartments in Upper Hill, Nairobi. FILE PHOTO | NMG

House prices rose marginally in the final quarter of last year compared with the preceding period on the back of poor credit uptake and prolonged polls that triggered an economic slowdown.

The Kenya Bankers Association (KBA) housing price index released on Wednesday shows house prices rose by 0.68 per cent compared to the third quarter’s 0.42 per cent.

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