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Despite the aftermath of a drought as well as a challenging political year, Kenya has maintained positive GDP growth. Investor confidence has withstood the recent economic challenges and the long term prospects are encouraging. There has been a general slowing in real estate activity in Nairobi. Rental rates have declined across most major asset types while key sectors struggle with rising vacancies. However, this has not discouraged developer confidence, indicating that investors are anticipating an improvement in demand over the long term.
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23 April 2018