SEE ALSO: The peculiar habits of Kenyan home buyersDumping the stand-alone bungalow that was accompanied by a garden, new home owners prefer to share a wall with their neighbour and share amenities such as a common playground for their children. Still, the real estate sector struggled to shed the sustained high prices that have weighed down the industry for long. Overall, house prices decreased in the first three months of the year. “By the KBA-HPI measure, house prices have remained in the deceleration path for the fifth consecutive quarter,” said the report. Developers in the sector will have something to smile about as house prices are expected to decelerate at a slower rate in the coming months as demand increases.

Source: Standard Digital May 28, 2020 10:18 UTC