Lolest! wrote:@mibbz, I like your analyses

but I think you are overestimating the effect of devolution on real estate.
I do not see a lot of reverse migration to the counties happening. Infact, you have to be very long term to count on this.
@

! i have had the rare opportunity of travelling to 41 of the 47 since promulgation of the new constitution and all i have seen is hope and potential. I actually work in mashinani....it won't be a reverse migration as such but more of opening up of opportunities in these regions that shall create a demand for quality services and housing resulting in a boom
picture this: Turkana county is to get 8.5 Billion per year under devolution.with a responsible county govt what could follow the money is: good motorable roads(whether tarmac or murram), staff seconded to county govt even if they are just 100,imagine need for at least 50 houses,a pub,quality healthcare thus more doctors nurses and services, need for water thus water drilling companies and their staff, unexploited fishing in lake turkana thus a fish processing plant,trucks to transport this and goes back to good roads...possiility of increased area under irrigation after investment just as delamare has done thus increased food security and surplus being sold meaning cereal traders coming to fetch grain,rice etc...
All am saying is real estate in nairobi and environs might stunt a bit as a result of decreased investment by developers and such due to greater demand and returns in other areas...world bank released a report indicating this and i believe it shall come