Renaissance Capital released a report on Monday dubbed, Directional Economics When I’m 67, which said that growth will slow down as a result of a limit in the amount of credit available.

The result, said the report, will be reduced household consumption, imported goods and real estate market activity, which will stall growth.

“We think positive growth from the return of normal rains will be subdued by tight policy; therefore, we are projecting only a modest recovery in GDP growth to 4.4 per cent in 2012, from 4.3 per cent in 2011 (estimate), with real estate a key near-term risk factor,” it added.

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@mzeekijana, you are at an advantaged position.. 2.5%, in which currency and for what duration?

All the same, take that loan, have good fx risk management system in place, and bring that dough nyumbani. Prof Ndungu will give you 20% on short term assets. Some banks, like hfck and kcb, will even give you better rates than Prof Ndungu if you call them.

Our Kenyan mortgage interest rates are quite prohibitive.

How much interest does the government backed or employer backed mortgage scheme currently attract?

1. April 2013 rates.
2. These are base rates which an average wazuan will never get.