Kenya: Home Builders Back in Market As CBK Rate Cut Boosts Confidence

24 January 2013

Confidence in the property market is back after a slump in 2012, with home builders resuming construction of stalled projects and starting new ones as financing comes through.

Real estate firm HassConsult in its quarterly property index says that the last three months have seen buyers back in the market with hope for financing after the Central Bank cut its rate consecutively to the current 9.5 per cent.

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