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where are plot buyers gone to?
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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.
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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
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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
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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.
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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.
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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.
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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
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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






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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
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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🐝
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