Real Estate Trends in Kenya 2019: What to Expect
The real estate industry in Kenya in 2018 experienced highs and lows. The country witnessed high mortgage rates averaging between 12% and 15% and there was demand for affordable housing. Another major thing that was going on was the political unrest that took place in 2017 and spilt over into 2018. There was a lot of tension which meant that investors did not want to commit to undertaking huge, money-intensive projects.
Businesses adopted a wait and see attitude in hopes that things would get better. And then the handshake happened and brought about some sort of stability. Different areas of the economy started picking which lead to a change in real estate as well. Most investors came back to Kenya and businesses started experiencing growth.
What should investors, home buyers and sellers expect to see in the real estate trends in Kenya 2019?
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