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The evolution of gated estates in Kenya
Date Posted:
12/13/2012 1:19:56 AM
Posted By: moff J Membership Level: Silver Total Points: 485
difficult for the “common mwananchi” to acquire a decent housing. The gap between the haves and the have-nots is also increasing. The property boom is greatly benefiting a few enterprising individuals and institutions at the expense of the majority many who are being affected by the skyrocketing prices. The pressure on social amenities such as hospitals, schools, water and electricity is also being felt as these have not been able to keep up with the expansion being witnessed in the property sector.
Thus, the housing revolution is good for the country and its people. Despite this, there needs to be adequate regulation to ensure that the housing bubble does not burst at the expense of the economy. The government should step in and put in place to protect the citizens from the skyrocketing prices and ensure that housing becomes affordable to all people.
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