www.ntv.co.ke Tenants living in urban areas, especially in Nairobi should prepare to pay higher rents. This was the key highlight of the recently released property market index survey conducted by Hass Consult covering the second quarter of 2012. The report shows that rent in urban areas has increased ten times compared to two years ago which the report attributes to an increased demand for housing. In the same breath, the report indicates that fewer Kenyans are taking up mortgages with a good number of people preferring to pay rent which the company attributes to the high interest rates offered by financial institutions.

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