Real estate hits six-year low on poll jitters, credit crunch
2 months ago, 3 Jan 11:36
The real estate sector grew at the slowest pace in six years in the three months to September last year, hurt by jitters over the prolonged electioneering period and a credit crunch. Fresh data from the Kenya National Bureau of Statistics (KNBS) indicate that the construction sector, a major driver of economic growth in recent years, expanded by 4.9 per cent in July-September compared with 7.8 per cent a year earlier. That was the slowest growth in the sector since 2011. The slowdown in the prop ...
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