wazua Mon, Nov 18, 2024
Welcome Guest Search | Active Topics | Log In | Register

2 Pages12>
where are plot buyers gone to?
Options
Previous Topic · Next Topic
african coloner
#1 Posted : Tuesday, July 10, 2012 1:34:41 PM
Rank: Member


Joined: 10/8/2010
Posts: 446
Location: london
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.
Back to top
WWW
 Report Abusive | Report SPAM
itz
#2 Posted : Tuesday, July 10, 2012 2:32:06 PM
Rank: Member


Joined: 3/20/2009
Posts: 348
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
Back to top
 Report Abusive | Report SPAM
a4architect.com
#3 Posted : Tuesday, July 10, 2012 2:59:55 PM
Rank: Veteran


Joined: 1/4/2010
Posts: 1,668
Location: nairobi
Lets see if desperate sellers will start reducing sale price.
As Iron Sharpens Iron, So one Man Sharpens Another.
Back to top
WWW BLOG
 Report Abusive | Report SPAM
Robinhood
#4 Posted : Tuesday, July 10, 2012 3:19:31 PM
Rank: Elder


Joined: 12/11/2008
Posts: 2,306
Nkt, just when I am selling mine. Yenyewe market imepoa sana!
Great men are not always wise, neither do the aged understand judgement...
Back to top
 Report Abusive | Report SPAM
Jamani
#5 Posted : Tuesday, July 10, 2012 3:22:43 PM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
Plot buyers have gone to the counties... people are possibly buying "cheap" as they await devolution.
Back to top
 Report Abusive | Report SPAM
african coloner
#6 Posted : Wednesday, July 11, 2012 2:03:00 AM
Rank: Member


Joined: 10/8/2010
Posts: 446
Location: london
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
Back to top
WWW
 Report Abusive | Report SPAM
TiggerTiggy
#7 Posted : Wednesday, July 11, 2012 6:12:47 AM
Rank: Veteran


Joined: 10/13/2011
Posts: 660
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.
Back to top
 Report Abusive | Report SPAM
jamplu
#8 Posted : Wednesday, July 11, 2012 7:42:36 AM
Rank: Veteran


Joined: 3/25/2010
Posts: 939
Location: Nai
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...
Back to top
 Report Abusive | Report SPAM
accelriskconsult
#9 Posted : Wednesday, July 11, 2012 10:25:31 AM
Rank: Member


Joined: 4/2/2011
Posts: 629
Location: Nai
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!
Back to top
WWW
 Report Abusive | Report SPAM
vky
#10 Posted : Wednesday, July 11, 2012 10:46:56 AM
Rank: Member


Joined: 6/17/2010
Posts: 572
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'
Back to top
 Report Abusive | Report SPAM
lovenuffs
#11 Posted : Wednesday, July 11, 2012 11:10:11 AM
Rank: New-farer


Joined: 7/9/2012
Posts: 63
smile Let the prices go down, otherwise in a few years time we will a situation like the one we had in UAE.
If a free society cannot help the many who are poor, it cannot save the few who are rich.
Back to top
 Report Abusive | Report SPAM
TPK
#12 Posted : Wednesday, July 11, 2012 12:04:23 PM
Rank: Member


Joined: 6/17/2011
Posts: 129
Location: Nairobi
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 am heresmile
As long as you're going to be thinking anyway, think big
Back to top
 Report Abusive | Report SPAM
Mukiri
#13 Posted : Wednesday, July 11, 2012 6:10:55 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
It's about time I stopped paying rent! Give me a good piece in a good neighborhood and if I can afford, I'll buy. I am a man (I hope sod'oh! )!

Proverbs 19:21
Back to top
 Report Abusive | Report SPAM
itz
#14 Posted : Wednesday, July 11, 2012 6:20:28 PM
Rank: Member


Joined: 3/20/2009
Posts: 348
yes the market has slowed but dont open the champagne bottles yet.as i said there is pent up demand and once the interest rates go back down to the level of 11-15% expect prices to rise again.if you have cash this is the best time to try and negotiate a good deal.
Back to top
 Report Abusive | Report SPAM
hamburglar
#15 Posted : Wednesday, July 11, 2012 6:38:15 PM
Rank: Member


Joined: 12/17/2011
Posts: 887
itz wrote:
yes the market has slowed but dont open the champagne bottles yet.as i said there is pent up demand and once the interest rates go back down to the level of 11-15% expect prices to rise again.if you have cash this is the best time to try and negotiate a good deal.



I agree with Itz, is sounds like now might be a good time as any to buy land....A friend just negotiated a nice piece of land for much less than what his neighbours paid 2 - 3 years ago. It could have been a stroke of luck on his part but it could also mean that there are not enough buyers hence the "desperation" by the seller to offload it at a discounted price. We shall see what happens when the rates go down further.
Back to top
 Report Abusive | Report SPAM
alma
#16 Posted : Wednesday, July 11, 2012 7:18:32 PM
Rank: Elder


Joined: 7/20/2007
Posts: 4,432
you haven't seen anything yet. When property prices start falling, read your history all over the world.....bado mapambano.
Jose: If I make it through this thug life, I'll see you one day. The Lord is the only way to stop the hurt.
Back to top
 Report Abusive | Report SPAM
youcan'tstopusnow
#17 Posted : Wednesday, July 11, 2012 7:46:02 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Nairobi rents zinaendelea na kupanda
http://www.businessdaily.../-/4l42tpz/-/index.html
GOD BLESS YOUR LIFE
Back to top
WWW
 Report Abusive | Report SPAM
jamplu
#18 Posted : Wednesday, July 11, 2012 8:31:03 PM
Rank: Veteran


Joined: 3/25/2010
Posts: 939
Location: Nai
youcan'tstopusnow wrote:
Nairobi rents zinaendelea na kupanda
http://www.businessdaily.../-/4l42tpz/-/index.html


Rentals seems to be doing ok but in some areas investors are not making nothing they are struggling to repay loans.

We also need to be told what's the proportion of properties being held by investors and have not been sold?

The number of holiday homes and golf resorts is a bit alarming. Who will soak up all these properties if we keep on developing golf cities






Back to top
 Report Abusive | Report SPAM
youcan'tstopusnow
#19 Posted : Wednesday, July 11, 2012 8:46:26 PM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
jamplu wrote:
youcan'tstopusnow wrote:
Nairobi rents zinaendelea na kupanda
http://www.businessdaily.../-/4l42tpz/-/index.html


Rentals seems to be doing ok but in some areas investors are not making nothing they are struggling to repay loans.

We also need to be told what's the proportion of properties being held by investors and have not been sold?

The number of holiday homes and golf resorts is a bit alarming. Who will soak up all these properties if we keep on developing golf cities


And do THAT many Kenyans indulge in golf? Ama ni sifa tusmile
GOD BLESS YOUR LIFE
Back to top
WWW
 Report Abusive | Report SPAM
butterflyke
#20 Posted : Thursday, July 12, 2012 7:30:40 AM
Rank: Elder


Joined: 5/1/2010
Posts: 3,024
Location: Hapa
youcan'tstopusnow wrote:
jamplu wrote:
youcan'tstopusnow wrote:
Nairobi rents zinaendelea na kupanda
http://www.businessdaily.../-/4l42tpz/-/index.html


Rentals seems to be doing ok but in some areas investors are not making nothing they are struggling to repay loans.

We also need to be told what's the proportion of properties being held by investors and have not been sold?

The number of holiday homes and golf resorts is a bit alarming. Who will soak up all these properties if we keep on developing golf cities


And do THAT many Kenyans indulge in golf? Ama ni sifa tusmile


ni sifa tu na sifa haiwezi kuwa hisa
Float like a butterfly, sting like a bee. - Muhammad Ali🐝
Back to top
 Report Abusive | Report SPAM
Users browsing this topic
Guest (4)
2 Pages12>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2024 Wazua.co.ke. All Rights Reserved.