Elections Uncertainity in the Real Estate Industry in Kenya

Elections Uncertainity in the Real Estate Industry in Kenya

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Activities in the real estate sector are projected to slow down as investors adopt a ‘wait and see’ approach ahead of the August 8 general elections.

Real estate consultancy and management firm, Knight Frank, says only a handful of developments are expected during the elections period in the run-up to the election.

The commercial, residential and industrial property group says many of the investors are leaving nothing to chance. It says their fears are based on the events that preceded the the bungled 2007-8 general election that led to violence after the disputed presidential results, leading to massive loss of property in millions.

However, building professional consultants and other players in the industry hold varied views as to whether the elections would negatively impact on their businesses.

We caught up with some of them.

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