Property owners in Kenya in dilemma as demand tumbles

Price of land in Kenya’s cities is high

The price of land in Kenya’s cities is high, leading to high rents of properties.PHOTO  | FILE  |  NMG

Kenya is likely to reform its land valuation following a decline in real investment caused by over-valuation and the Covid-induced financial crisis.

Speaking at the East Africa Property (EAPI) Summit 2021 recently (July 5-9), land economists and real estate professionals agreed that real estate in the region is unlikely to see a rise in demand.