Wazua
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where are plot buyers gone to?
Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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It seems nobody is buying, i have seen few plots on sale for almost a year, i think propert market is cooling but not anywhere near burst.
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Rank: Member Joined: 3/20/2009 Posts: 348
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african coloner wrote:It seems nobody is buying, i have seen few plots on sale for almost a year, i think propert market is cooling but not anywhere near burst. i think so too.i would like to hear more from wazua realtors and people in the industry.However i think if cheap/cheaper credit comes back prices will rise again because there is pent-up demand
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Rank: Veteran Joined: 1/4/2010 Posts: 1,668 Location: nairobi
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Lets see if desperate sellers will start reducing sale price. As Iron Sharpens Iron, So one Man Sharpens Another.
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Rank: Elder Joined: 12/11/2008 Posts: 2,306
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Nkt, just when I am selling mine. Yenyewe market imepoa sana! Great men are not always wise, neither do the aged understand judgement...
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Rank: Elder Joined: 9/12/2006 Posts: 1,554
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Plot buyers have gone to the counties... people are possibly buying "cheap" as they await devolution.
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Rank: Member Joined: 10/8/2010 Posts: 446 Location: london
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a4architect.com wrote:Lets see if desperate sellers will start reducing sale price. some places in runda you can get a plot for 18m, last year everything was above 20m
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Rank: Veteran Joined: 10/13/2011 Posts: 660
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african coloner wrote:It seems nobody is buying, i have seen few plots on sale for almost a year, i think propert market is cooling but not anywhere near burst. have to agree with you. went to view some project in kitengela last week and they have sold only 5 or so plots since march. however the low end segment (plots under 200k mostly found along kangundo road) seems to be more active.
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Rank: Veteran Joined: 3/25/2010 Posts: 939 Location: Nai
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with the interest rates as high as they have been people this was bound to happen. If foreigners are also complaining the prices of land in kenya are ridiculous and they are not getting value for their money then...
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Rank: Member Joined: 4/2/2011 Posts: 629 Location: Nai
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Guys you are right that interest has cooled off and its mainly due to tight liquidity. But my bet if that once the first barrel of oil flows out of Ngamia 1 circa 2016, there will be a huge property boom. Be patient!
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Rank: Member Joined: 6/17/2010 Posts: 572
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the VAT bill if passed in its current form will further exacerbate the situation here albeit indirectly 'One headache for famous medieval holy people was that someone might murder you to acquire your body parts for the relics trade'
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Wazua
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where are plot buyers gone to?
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