KES 3,999,000 sounds like a meaningful reserve, but one expensive handover issue could change that quickly. The purchase under consideration is a 2-bed new-build flat in Nairobi priced around KES 178,700,000.
That cash would need to cover moving, urgent inspection findings, the insurance...
That exposes a weakness in my sample: the neighbourhood and condition filters need tightening before I rely on the median. I also mixed active and no-longer-advertised stock without confirming which listings actually completed.
I’ll split out completed sales, withdrawals and current listings...
A decision on the 2.8% reduction is approaching, but the evidence is not ready for it. After 81 days, cutting may be reasonable—or it may simply compensate for a comparison set that mixes unlike properties.
The Nairobi retail units I have gathered range from KES 130,500,000 to KES 195,800,000...