Kenyans continue to lose multi-million homes and other property to auctioneers, amid tough economic times witnessed across the country. In a series of adverts published in local dailies on Monday, December 5, several auction companies put up residential homes in Nairobi and its environs for sale through the auctioneer's hammer. The Daily Nation had seven pages of auctioneers calling for bids on four-bedroomed maisonettes and other residential properties in Lang'ata, South C, Kiambu, Juja, Kitengela and Ruiru. Apart from residential properties, agricultural farms, cars, manufacturing, construction and farm machines were also put up for sale. The government can also step in to guarantee the loans," Iraki expounded.

Source: Daily Nation December 05, 2022 10:30 UTC