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Prime
Stagnant rental prices point to cooling market
An office block in Mombasa. Knight Frank says most rents in the high-end of the market have not changed since late last year. PHOTO | LABAN WALLOGA
Rents for prime residential areas, retail commercial properties and offices stagnated during the first half of this year, pointing to a cooling of the previously red-hot market, real estate consultancy Knight Frank said in an update.
In the report for the first six months of 2015, Knight Frank said the property segments recorded marginal or no increase in rents over the period.
