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Could dream of property riches turn into a nightmare few years to come
Gordon Gekko
#31 Posted : Thursday, August 04, 2011 9:38:28 AM
Rank: Elder

Joined: 5/27/2008
Posts: 3,760
Nightmare set to become worse, with the increase of valuation fee:

http://www.businessdaily...76/-/lw78wi/-/index.html
keke2
#32 Posted : Thursday, August 04, 2011 2:43:00 PM
Rank: New-farer

Joined: 5/31/2011
Posts: 89
Ceinz wrote:
Lolest! wrote:
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!


No ApanaShame on you U are already proven wrong, have you been down there really or ur just working on ur own assumptions from your comfort Zone in the city. I've been to Nanyuki,Busia and Katchmega, and I believe the trend is the same/ will be in the other county HQs. Demand for office space and residential units is good. Some developments in these places are yielding rents comparable to what some city landlords are getting. And mark you the decenralisation thing has just began. Wait till these county governments begin. Utashangaa how short a time miaka 30 is.

@Ceinz umeongea ukweli kabisa! I went through mind transformation when I visited one/two of the counties, and it was total shock for me..!This is the right time to put foot there.
Cde Monomotapa
#33 Posted : Thursday, August 04, 2011 2:46:52 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Pablo wrote:

Anyone can make losses in any project as long as the buying price is not good.

Profits are made the moment you buy not when u sell.

Indeed! An asset is asset and they all have cycles!!
redi
#34 Posted : Thursday, August 04, 2011 5:24:35 PM
Rank: Member

Joined: 1/24/2008
Posts: 46
Location: Embu
chances that there will be a real estate bubble burst anytime soon are too slim.This phenomena occurs when an assets turns toxic.our model of financing real estate development is too conservative/risk averse.its only CFC thts hav imported the practices-100% financing.remortgaging etc.so dont wait for it to happen ever unless we change the method of financing.prices can stall/stagnate but thts not a burst!
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