Real estate on the decline despite key foreign investment

The construction site for the Affordable Housing Programme along Kinshasa Road in Ngara, Nairobi, on May 28, 2019. PHOTO | EVANS HABIL | NMG

Nairobi has dominantly enjoyed foreign direct investments across all real estate segments in the past decade but that now appears to be fast ebbing away.

The launch of affordable housing by the government as part of its Big Four agenda has not helped the situation for companies that borrowed funds to put up structures.

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