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First-Time Homebuyers Find Affordable Units in Kenya

A 2011 World Bank survey found that only about one-tenth of Kenya's population earned enough to support a mortgage. However, that situation may be changing, as new apartment units on the outskirts of Nairobi have sold out before the start of construction. Lenny Ruvaga reports from Nairobi that it's now possible to buy a one-bedroom apartment for as little as $10,000.

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