Seventy-six residential properties, 56 plots, and numerous multi-million-shilling assets are slated for auction amid challenging economic times.
The prime properties are in prestigious neighborhoods like Nyali, Lavington, Kileleshwa, Upper Hill, Kilimani, and Loresho.
From undeveloped commercial plots to luxurious residential dwellings, the auction notices published in local dailies underscore the financial strain facing many property owners who are struggling to maintain their investments in these challenging times.
The auction catalog, which spans ten pages, reflects the recent surge in bank interest rates, which has exacerbated the financial woes of defaulting property owners.
A hotel in Kitengela, Kajiado County, a hospital in Mwea, Kirinyaga County, and ten vehicles are also staring at the auctioneer's gong.
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