Bubble imembust. Expect Huge Net Worth Loses in 2020

[Russy]

Hii ndio shida ya bonobo Kenyans flocking into something wameskia inaingiza doo kazi ni kucopy…transport …kidogo …even low level businesses kama PS na cybers wacha watu wajifunzw

[Russy]

Umeanza poa lakini ukaleta forex nikajua hapa kuna umefi…forex sio ya kila mtu stop being bonobos and falling for adds sijui 21 year old millionaire… Forex ni same na gambling kama wewe si expert like most

@Micymas

some people will lose upto 70% of their net worth at the end of this nonsense.

watu walikuwa wanafikiria kushikila mashamba kubwa za wizi watakuwa mbilionea.

Good luck holding onto your worthless tracts when you could have invested in the forex market and CFDs. There’s no panya route to wealth creation.

Kenya: House Prices Decline Further in Nairobi Due to Oversupply

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Photo: Francis Mureithi/Daily Nation

(file photo).

4 DECEMBER 2019

Capital FM (Nairobi)

By Julie Owino

Nairobi — House prices in Nairobi are on a sharp decline, according to a new report by international realtor Knight Frank Prime Global Cities Index which focussed the last quarter of 2019.

Housing prices slid by 5.4 percent in the year to September as prime residential prices in the Capital city as buyers sought higher opportunities in a market segment still influenced by oversupply and distressed properties.

“Prevailing macro- and micro-economic conditions coupled with an oversupply in the segment have resulted in a sustained price correction, subsequently buyers have control of the market,” reads the report.

The increasing decline in houses has now placed Nairobi at position 43 out 45 cities that were covered by the index.

All prime prices for the 45 cities also dropped to an average of 1.1 percent during the year to the third quarter compared to 3.4 percent recorded in the same period last year.

Agency Head at Knight Frank Kenya Anthony Havelock said the reduction in housing prices is a trend projected to happen even in the next quarter.

“We haven’t reached the bottom of the cycle yet and we expect to see further reductions in the near-term until the macroeconomic and local situations improve. One of the major issues right now is illiquidity in the market,” said Havelock.

The report further indicates that the rising number of distressed properties in Nairobi has also affected prime residential values significantly, with lenders intensifying efforts to recover non-performing loans through the sale of collateral.

“Deals are happening but are few and far between, and at discounted rates. It will take time for the economy to rebound considering it’s also not immune to external shocks,” Havelock added.

In September, Knight Frank also reported that prime residential properties fell by 1.8 percent over the period, increasing the decline to 6.7 percent in the year to June.

Read the original article on Capital FM.

[Micymas]

@Russy

Umeanza poa lakini ukaleta forex nikajua hapa kuna umefi…forex sio ya kila mtu stop being bonobos and falling for adds sijui 21 year old millionaire… Forex ni same na gambling kama wewe si expert like most

you do understand that was an example right? right? right? right? yes??

[musalimsweta]

Ni kubaya my friends

But I still have some hope

I have a few units that I let at 14K in Kasarani

9 have been vacant since September

Tume decide Na wenzetu tushukishe starting January to 12K for one bedroom and 14 for two bedroom

But I know things will improve

[Wanaruona]

@musalimsweta

Ni kubaya my friends

But I still have some hope

I have a few units that I let at 14K in Kasarani

9 have been vacant since September

Tume decide Na wenzetu tushukishe starting January to 12K for one bedroom and 14 for two bedroom

But I know things will improve

Ukifikisha 2 bedroom to 10 k nitafute inbox. Si ishi msituni tena

[system]

@Russy

Umeanza poa lakini ukaleta forex nikajua hapa kuna umefi…forex sio ya kila mtu stop being bonobos and falling for adds sijui 21 year old millionaire… Forex ni same na gambling kama wewe si expert like most

Leo kwanza nimeletewa hii ad ati huddah ni forex millionaire na sisi wote tunajua huyu ni Malaya
[ATTACH=full]274292[/ATTACH]

[LuandaMagere]

h

@mikel

sisi rent imeshukishwa by 10k…New tenants are paying 10k less…thats after over 30units stayed without tenants for 1year…nimezusha yangu ishukishwe wamekataa so January nahama

wewe hama alafu urudi upate discount , unaeza jipaka bleching cream na mafuta ya hips ukae different kabsa … :D:D

[The_gunner]

Kuna flats niliishi one year tukiwa tenants watatu bana.

[Ken_Sarro]

The ripple effect hata outside Nairobi. Next year watu wa Real Estate watalia kabisa.

[Russy]

@ninja417

Leo kwanza nimeletewa hii ad ati huddah ni forex millionaire na sisi wote tunajua huyu ni Malaya
[ATTACH=full]274292[/ATTACH]

Hio wamechoma

[system]

Na vile mchinku mwenye Erdemann amejenga ma apartments huko mombasa road. They look nice from the highway, I wonder if they are fully occupied ama ziko empty

[mikel]

@Yunomi

Na vile mchinku mwenye Erdemann amejenga ma apartments huko mombasa road. They look nice from the highway, I wonder if they are fully occupied ama ziko empty

they are okay but the kitchen is so tiny. Alafu maji hakuna

[mikel]

@Ken_Sarro

The ripple effect hata outside Nairobi. Next year watu wa Real Estate watalia kabisa.

mashinani ni shida especially after universities started experiencing decreased instakes

[confused_villager]

This is an ad , ok KT on this very story. They’re using Huddah to market it!

[sani]

@Yunomi

Na vile mchinku mwenye Erdemann amejenga ma apartments huko mombasa road. They look nice from the highway, I wonder if they are fully occupied ama ziko empty

io ni proceeds za corruption zimeekwa parking hapo.

[Micymas]

@Wanaruona

Waliiba wakasahau kubakishia raia ya kununua vitu zao. Saa hii hizi project zao ni loss making na bado kanjo inadai land rates.

nido maan wanaweka sonko ndani juu amekataa kuwapunguzia mzigo ya land rates. Ni kama haelewi hii ukora vyenye inaenda

[majizee]

@The gunner

Kuna flats niliishi one year tukiwa tenants watatu bana.

Banae

[Okiya]

Kibaki and his administration ndio waliharibu real estate market by allowing illicit money from Somalia and South Sudan to be invested in the country.

[nobert]

I have realized people are now moving to smaller towns, like am in (undisclosed lokeshen) sahi and I tell you nyumba unatoka asubuhi jioni mtu ameingia, same with the other places I have been to this holiday.