I agree, but before making it impossible to speculate on land, the government should make sure that financial systems are transparent and investors are protected by enforcing the rule of law. People put money in land because they do not trust the current system, if they were sure their money was safe, they would diversify out of real estate. I wonder what happened to the investors who had their money in that Brokerage firm that collapsed? Were they compensated? Why did the government allow the firm to exist in the first place? By the way how long were they in business before the collapse?

@nabwire..true. @njunge here is still trying to make headway into the stockbroker mess

http://wazua.co.ke/forum.aspx?g=posts&t=4394

There are so many other factors that will determine if the bubble will burst or not. What is constant is the land mass of Kenya, the other variables will keep changing. Inflation, population growth, and the constant demand for shelter and expansion of industry.

To me I compare Nairobi to Newyork where an apartment costs about $1 000 000 (+/-) A block sits on about 3/4 or 1 acre of land. Zoning will help stabilize prices (you know what i mean, create cities as you and I know it and have a population limit). The other thing Kenyans will first have to accept that they cant all own land as a right. Everyone should have a decent shelter but not land.

[quote=a4architect.com]@nabwire..true. @njunge here is still trying to make headway into the stockbroker mess

http://wazua.co.ke/forum.aspx?g=posts&t=4394[/quote]


Oh my gosh, ati compensation of 50K? So the clients who had millions only got 50K? Ama compensation is staggered depending on amount lost?

are crazy prices a Nairobi Metropolitan problem only? I doubt. I bought land in a remote part of Nyandarua at 110k per acre in 2011. Today, the rate is 250k in that area.