The demolition of illegally constructed structures and cancellation of irregular title deeds cut back new building approvals in Nairobi County by more than Sh11 billion in the first quarter, pulling the industry down to a five-year low.
Kenya National Bureau of Statistics (KNBS) data shows Sh48.5 billion worth of new residential and commercial real estate projects were approved between January and March this year, a 19.2 percent drop from Sh60.1 billion in the first three months of last year.
