once upon a time, a HR file erroneously sent out on an email...it contained the salaries of everyone in my Division...i realized not everyone is paid poorly like me :-) businesses have lots of cash...i met a guy who runs about 5 butcheries...he gets daily sales of 40k per day from one of them in Juja....i have really changed my opinion of business people ever since.... On Mon, Nov 29, 2010 at 8:52 AM, aki <aki275@gmail.com> wrote:
I read various articles on the amount of new construction going on and this sector to me is quite baffling. I think the recent report by the CBK puts home mortgages at around 14,000 kenyans. Our borrowing bank interest rates and repayments are still too high compared to incomes. Where are people getting the money to buy/invest into real estate because everywhere you see, some new construction on residetial types is coming up and also being sold quite fast. Property prices have really shot up while earnings have not increased in comparison. So who is buying these expensive properties?
Any economist here in skunks KE to add some insights. :-)
Rgds.
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