real estate bubble bursts in kiambu

[sperminator]

The chickens have come home to roost for property owners in Kiambu County.
After years of speculative buying and hoarding, investors have found themselves stuck with vast parcels but no buyers to match their exaggerated prices.
Popularly referred to as ‘Nairobi’s bedroom’, Kiambu has witnessed a property rush over the years that saw the clearance of coffee and tea plantations to make way for houses, turning into a concrete jungle of apartments, gated estates, shopping malls and industrial warehouses.
This has seen areas such as Ruaka rise to have the highest land prices in all Nairobi’s satellite towns, with an acre fetching an average of Sh90.2 million, according to the latest figures by property firm HassConsult.
Kiambu County accounts for half of Nairobi’s satellite towns, with the average price of an acre in the seven satellite towns ranging between Sh14.5 million to Sh90.2 million, shows the 2020 fourth quarter Hass Land Index

 

[Condor]

90M nanua 100 acres pale kitale nafanya large scale farming.

 

[Kodiaga]

Why the heck should i spend 90m buying a tiny piece of land in Kiambu, where Mungiki will be demanding some monthly levies.

 

[Jimjones]

The chickens have come home to roost for property owners in Kiambu County.
After years of speculative buying and hoarding, investors have found themselves stuck with vast parcels but no buyers to match their exaggerated prices.
Popularly referred to as ‘Nairobi’s bedroom’, Kiambu has witnessed a property rush over the years that saw the clearance of coffee and tea plantations to make way for houses, turning into a concrete jungle of apartments, gated estates, shopping malls and industrial warehouses.
This has seen areas such as Ruaka rise to have the highest land prices in all Nairobi’s satellite towns, with an acre fetching an average of Sh90.2 million, according to the latest figures by property firm HassConsult.
Kiambu County accounts for half of Nairobi’s satellite towns, with the average price of an acre in the seven satellite towns ranging between Sh14.5 million to Sh90.2 million, shows the 2020 fourth quarter Hass Land Index

Land prices in Kenya are generally exaggerated due to graft and the well-known national heists A.K.A. NYS1, NYS2, etc... and the stupidity of the looters! I have watched the spiraling of land prices in the last 13 years and can tell that it has never been justifiable... never! Now the prices have been dropping (not really seen in the naked eyes but with a keen eye).

 

[uhondo]

Ruaka na ile wizi yote iko huko. Infrastructure hakuna, ata sewage lines. Maji pia ni shida. Sometimes you have to wonder what these prices are pegged on.

 

[Azor Ahai]

Ruaka na ile wizi yote iko huko. Infrastructure hakuna, ata sewage lines. Maji pia ni shida. Sometimes you have to wonder what these prices are pegged on.

1 trillion ie 1/3 of all taxes that is stolen every year from the government. That is a large wall of stolen cash with nowhere to hide.

 

[ChifuMbitika]

It's true that the bubble is bursting on the real estate sector in Kenya. I think Corona has really accelerated this burst. Juzi I went to inquire about the price of farming land in my home county and I was amused to learn that an acre previously selling at 1.5m has now dropped to 900k. I am even chilling for the prices to drop further and then I kwachu a few acres to set up my rural future home. Watu wa mburoti maguta must be seeing dust right now.

 

[Shuma mre dani..]

90M nanua 100 acres pale kitale nafanya large scale farming.

Upande gani kitale?

 

[Billy Drago]

Upande gani kitale?

Saboti, kwanza, cherangany huko ndani ndani.

Ya kulima tu si lazima iwe karibu na main road.

 

[Condor]

Upande gani kitale?

Kambimiwa na kiungani area ama Wamuini...an acre ranges from 400k - 600k

 

[Ndekwe]

Kenya mtu asipokua na nyumba ya kupangisha anaona yeye sio mtu...but am glad that mentality is changing gradually.

 

[Kibinda Nkoye]

Kambimiwa na kiungani area ama Wamuini...an acre ranges from 400k - 600k

Sure about this prices per acre? Check jiji it will give you indicative prices

 

[Condor]

Sure about this prices per acre? Check jiji it will give you indicative prices

I come from that part of Kenya. Niko i know what am saying alafu Land price haijawahi kuwa fixed.

 

[Kibinda Nkoye]

I come from that part of Kenya. Niko i know what am saying alafu Land price haijawahi kuwa fixed.

Can you get me land in Wamuini at less than 700k p.a? Especially kambi chui, mabonde or in the area around Eldoret Express' farm Kiungani

 

[T.Vercetti]

Ruaka na ile wizi yote iko huko. Infrastructure hakuna, ata sewage lines. Maji pia ni shida. Sometimes you have to wonder what these prices are pegged on.

The chickens have come home to roost for property owners in Kiambu County.
After years of speculative buying and hoarding, investors have found themselves stuck with vast parcels but no buyers to match their exaggerated prices.
Popularly referred to as ‘Nairobi’s bedroom’, Kiambu has witnessed a property rush over the years that saw the clearance of coffee and tea plantations to make way for houses, turning into a concrete jungle of apartments, gated estates, shopping malls and industrial warehouses.
This has seen areas such as Ruaka rise to have the highest land prices in all Nairobi’s satellite towns, with an acre fetching an average of Sh90.2 million, according to the latest figures by property firm HassConsult.
Kiambu County accounts for half of Nairobi’s satellite towns, with the average price of an acre in the seven satellite towns ranging between Sh14.5 million to Sh90.2 million, shows the 2020 fourth quarter Hass Land Index

Gazeti ilisema the prices have gone down because of the slow pace at which limuru road is being built but once it is completely done prices will shoot up like a nonsense.

The dust and confusion is pushing away customers.

 

[Micymas]

It was always a game. At least farmers waliachwa wameshikilia pesa. The dumb bag holders can now go back to farming coffee. The farmers could also do one better and buy back the land at throw away prices. And then build up the prices again and sell then buy. Nicely played

 

[Micymas]

Gazeti ilisema the prices have gone down because of the slow pace at which limuru road is being built but once it is completely done prices will shoot up like a nonsense.

The dust and confusion is pushing away customers.

You do know that's another game being played. The assholes who play kiambus real estate slight of hand game are just building up hype for the next suckers. Kwani barabara ndio nini? Anyone serious about buying knows that it would be better to buy now and by the time they're done constructing the road will be done. They are just hyping up non-existent demand for new suckers

 

[Stormtrooper98]

90M nanua 100 acres pale kitale nafanya large scale farming.

Si ununue to govt bonds ukuwe unakula a guaranteed 9M a year..

 

[GERALD9949]

Gazeti ilisema the prices have gone down because of the slow pace at which limuru road is being built but once it is completely done prices will shoot up like a nonsense.

The dust and confusion is pushing away customers.

Doesn't Limuru Road connect with Thika Road?? In that case, it will have zero impact given the way Thika Road has become congested from Ngara onwards and the jam is creeping more and more backwards each day. It will start at Pangani by the end of the year.

 

[Condor]

Doesn't Limuru Road connect with Thika Road?? In that case, it will have zero impact given the way Thika Road has become congested from Ngara onwards and the jam is creeping more and more backwards each day. It will start at Pangani by the end of the year.

Jam in the morning huaanzia Rosters hadi tao