A steep rise in land prices in Nairobi and other Kenyan towns has locked out millions of prospective buyers, quashing their dreams of owning a home. Statistics show that land prices have more than quadrupled in the last seven years. The extent of price escalation is clear in Rongai, a busy suburb on the South West of Nairobi, where an acre of land is now priced at more than Sh14 million up from Sh765,000 six years ago — locking out many ambitious Kenyans from the homes market....>> This trend is also holds true in Eldoret Friends
Posted on: Wed, 28 Aug 2013 10:42:26 +0000