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Showing posts from September 5, 2021

Why Real Estate is Unlikely to See a Rise in Demand

The government should consider reforming its land valuation policy due to a drop in real investment occasioned by over-valuation and economic effects caused by Covid-19 pandemic. Real estate professionals and land economists are also in agreement that the country is unlikely to see a rise in demand. Ken Gichinga, the chief economist at Mentoria Economics notes that even before the pandemic set in, Real estate was slowing down due to the oversupply of office units in some of the high-end suburbs in Nairobi and other major urban areas across the country. Find Property in Uasin Gishu County Baoriat Agencies Call: +254 721-554-937 “The industry has suffered from what I called information asymmetry where one piece of land depending on who you speak to can go for such and such amount to remarkable differences. This is one area real estate marketers are looking at,” said Gichinga, as quoted by The East African. The situation as in turn exposed real value of properties and now experts ...