EAPI Summit forecasts uptick in Kenyan real estate as finance flows reopen

KENYA – East African Property Investment (EAPI) Summit analysts are foreseeng an uptick in activity in the real estate market following the recent moves to reopen financial flows into the sector by uncapping interest rates. The change follows a decline in financing that saw the sector’s contribution to the country’s GDP halve from 8.8 per cent in 2016 to 4.1 per cent by 2018. “The lifting of the caps has prompted renewed interest by investors in the Kenyan market, which marks a distinct and new development,” said Kfir Rusin, Managing…

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