The real estate sector has recorded its slowest quarterly growth in four years, giving weight to recent property market reports that have signalled a slump in demand despite increased supply of new housing units.
Fresh Kenya National Bureau of Statistics (KNBS) data, covering the third quarter ended September 2018, shows real estate recorded a growth of 5.8 per cent, the slowest since the 5.4 per cent registered in the fourth quarter of 2014.
