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LAND BUBBLE
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GGK
#11 Posted : Friday, January 06, 2012 9:47:01 AM
Rank: Member

Joined: 11/21/2006
Posts: 608
Location: Ruiru
Correct me if am wrong.... I thought the property bubble burst in the USA.

The current land prices increases are unsustainable in the long run. What if the high speed train network was completed as per vision 2030? Don't you think demand will go down and consequently the prices?
"..I am because we are. "― Ubuntu, Umtu,
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2012
#12 Posted : Friday, January 06, 2012 11:32:30 AM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
I don't think what we're experiencing or will experience is a bubble burst but a reaction to the current adjustment to the interest rates. The prices of property have no choice but to come down because they're currently over inflated. I think what we will see is a correction and not a bubble burst.

BBI will solve it :)
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Lolest!
#13 Posted : Friday, January 06, 2012 12:46:39 PM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
We have a case of high demand for land especially the speculative type. This, I believe strongly is contributed mainly by the growing middle class and intensive rural-urban migration.

Not unless county govts are given more powers and duties, I do not see their roll out bringing any significant correction but projects like the Isiolo resort city project could be a cure.

http://www.nation.co.ke/.../1/-/6u7sv9/-/index.html
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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youcan'tstopusnow
#14 Posted : Friday, January 06, 2012 1:46:47 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Lolest! wrote:
We have a case of high demand for land especially the speculative type. This, I believe strongly is contributed mainly by the growing middle class and intensive rural-urban migration.

Not unless county govts are given more powers and duties, I do not see their roll out bringing any significant correction but projects like the Isiolo resort city project could be a cure.

http://www.nation.co.ke/...1/-/6u7sv9/-/index.html


Wow. Operational by 2013. Hope it comes to fruition along with the numerous other 'flagship' projects...
GOD BLESS YOUR LIFE
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Forester
#15 Posted : Friday, January 06, 2012 1:57:50 PM
Rank: Member

Joined: 12/7/2010
Posts: 520
Location: Epicentre - Ngamia 1
simonkabz wrote:
How is the Malili plots craze fairing?


Me too i want to know. Had planned to buy an 1/8th late last year but ran away very fast when i realized most plots around that area are on allotment letters. And again why are they selling 1/8ths next to the proposed city?d'oh! Likelihood of a slum developing Sad
Build your own dreams, or someone else will hire you to build theirs - Farrah Gray.
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theman192000
#16 Posted : Friday, January 06, 2012 2:25:23 PM
Rank: Member

Joined: 7/11/2008
Posts: 401
Maybe county governments should consider radical solutions on the issue of land e.g. provide it for free under JVs with investors as long as the developments generate wealth. Of course with the requisite checks and balances.
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2012
#17 Posted: : Friday, January 06, 2012 2:58:29 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Lolest! wrote:
We have a case of high demand for land especially the speculative type. This, I believe strongly is contributed mainly by the growing middle class and intensive rural-urban migration.

Not unless county govts are given more powers and duties



Under the new constitution county govts. will be the ones dealing with county land matters if I'm not wrong. So expect mega corruption.

BBI will solve it :)
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josiah33
#18 Posted : Friday, January 06, 2012 4:01:36 PM
Rank: Elder

Joined: 1/27/2011
Posts: 1,777
theman192000 wrote:
Maybe county governments should consider radical solutions on the issue of land e.g. provide it for free under JVs with investors as long as the developments generate wealth. Of course with the requisite checks and balances.

what is JVs?
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For Sport
#19 Posted : Friday, January 06, 2012 4:57:20 PM
Rank: Veteran

Joined: 12/23/2010
Posts: 1,229
josiah33 wrote:
theman192000 wrote:
Maybe county governments should consider radical solutions on the issue of land e.g. provide it for free under JVs with investors as long as the developments generate wealth. Of course with the requisite checks and balances.

what is JVs?

Joint Ventures?
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Cde Monomotapa
#20 Posted : Friday, January 06, 2012 8:18:01 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
tony stark wrote:
WOW!
Thanks for an indepth analysis! Your thoughts are both stimulating and provoking!
Thanks for sharing your outlook!
<insert smiley>

Laughing out loudly Laughing out loudly
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