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Hapo kwa over valued nimeitikia.
For example i don’t understand how a 50*100 plot went from barely 1m to almost 3.5m in Gikambura. With no any added amenities in the area just time
Often ppl who talk about the real estate bubble have no clue what the are talking about… in Kenya the bubble will not burst anytime soon. In ruaka and donholm the price of land is going up by 1m every month and the demand is crazy.
Here we go again.
:D:D:D:D:D …mifereji imefungwa,let’s see who can spend say 10 k for a haircut and massage ,ho house shopping ya 50 k then go clubbing na kitu 50 k,hii rent is unrealistic ,wait till government stops spending on construction and you will witness serious slump in cement and other construction equipment.
There is no bubble. Those buildings are built with corrupt money.
What of the road connecting thogoto Mutarakwa? most people are putting up residential homes due to the area’s proximity to the city. You’ll hardly see rentals like the ones in Kinoo being put up here.
Tenants have so many options right now. My old landlord called and asked if I could move back
Watu Kenya wako na pesa mob sana. If you fell like complaining, just to go your bedroom and complain there alone
The only people who mention the word ‘overvalued’ are low IQ colobus monkeys with no understanding of economics. Ukiweka bei yeyote na bado bidhaa zinauzwa cash bila vitisho, that is a fair value of the item.
Young men who have been priced out of the real estate market should look at other asset classes that have been created recently by our generation, for our generation. Examples: crypto na airbnb. These are cheaper to get into, na wazee hawako hapo wakiharibu bei na pesa za kuiba
and did you?
Wewe ndio huelewi basic economics. Discount proceeds of crime and illicit inflows and you remain with a shell of what we call real estate in Kenya.
Nah, hakuna urafiki Nairobi. Ataongeza rent after a month or two.
Donholm ni pesa ya walalo imefika… Then the owners wanakimbia ruaka with good money
Real estate hapa Kenya niaundwa na pesa ya corruption. The moment mjengo inaisha, mtu anaanza kuunda profit hata Kama atalipisha 1k per month for a one bedroom.
Wenye wanachukua loan ndio wako kwa tabu
But what of empty overvalued apartments? I mean,it makes sense what you’re saying its just the downside not making any sense
The apartment are very small percent of the housing market to make it more interesting they are mainly in nairobi… that alone cannot be used to determine if we are going to have bubble… Read on the Malaysian and American bubble you will learn about the factors that lead upto a bubble…
What we might experience is market correction not bubble burst.
The market is correcting itself.