There is still a lot of migration to Nairobi. Ocha for many guys will now be in the metropolis. There wont be any burst, at least not in the forseeable future...and the county hqs, they will stem the migration marginally.

In defining a property burst(Bubble):- A real estate bubble or property bubble (or housing bubble for residential markets) is a type of economic bubble that occurs periodically in local or global real estate markets. It is characterized by rapid increases in valuations of real property such as housing until they reach unsustainable levels and then decline. A boom on the other hand is a period of sudden economic growth, especially one that results in a lot of money being made or is when demand exceeds supply and prices are rising at a significantly higher rate than the balance of the economy as defined by Martin Edwards and is the case in Nairobi and may be Kisumu & Eldoret

That said i would say that we are in the midst of a property boom, and it is being replicated to the counties. Housing market indicators attempt to identify bubbles before they burst. Housing affordability,debt,ownership & rent measures read more Which is not the case yet in Kenya.

I like the part were Satch says “Kenyans are like the British - they have a supreme faith in bricks and mortar and with good reason.” For better ROI i would focus on the counties. Land price are still affordable compared to Nairobi.

I hope the I am proven wrong in future but in all honesty I do not see counties helping ease the housing crisis. Demand for housing is highest around Nairobi metropolis, and also high in the main towns in Kenya. Why should anyone bother about county hqs so much yet their main thing will be eating their share of national cake allocation? Their duties and powers are much like those of local authorities! Imagine investing in Wajir, Homabay or Kerugoya towns merely because they are county hqs. Utangoja miaka 30!

@Kabush, I believe that we have not yet reached a tipping point, but there is certainly a slackening of demand at the top end of the market.

The population is growing but land isnt!

Unless man learns to live on trees, property prices will continue to rise.

Manipulated growth and over commitment is what brought about the meltdown in the US.

Of course when you abuse a system you expect consequencies.

In our case we are not anywhere near the US situation.