Home prices hit three-year low on credit squeeze, poll period

A housing estate in Kenya. PHOTO | FILE

Housing prices in Kenya registered sluggish growth in the third quarter of this year as the real estate market reeled from a politically charged environment that kept away investors and the adverse effects of interest rate caps.

This is according to data from the Kenya Bankers Association (KBA) released Friday which showed that growth in the price of homes hit the lowest rate in three years.

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