Stalemate hits property sales around Nairobi

A real estate development in Mlolongo on the outskirts of Nairobi. FILE PHOTO | NMG

Real estate players have reported a sharp drop in sale of land and developed properties that has delayed return on investments for the industry.

Letas Developers managing director Patrick Muchoki said only a few people are enquiring about availability of property to buy unlike the first half of the year when they enjoyed a healthy flow of clients.

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