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Land prices in Nairobi's satellite towns increased by only 1.9 percent in the fourth quarter of 2024, the slowest growth since June 2023. Economic challenges and high interest rates have reduced developers' capacity to finance land purchases, leading to a significant market slowdown. Meanwhile, property sale prices grew at a faster pace in 2024, with buyers favoring standalone units
Land prices in Nairobi's satellite towns show slowest growth since 2023
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