A Bloomberg article this week reminded me of this thread. The first sentence says it all. HT: http://www.bloomberg.com/news/2011-03-22/kenyan-properties-ranked-as-africa-... Kenyan Properties Ranked as Africa’s Most Expensive, Daily Says
By Eric Ombok - Mar 22, 2011 8:54 AM GMT+0300
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Kenyan property prices are the most expensive in Africa<http://topics.bloomberg.com/africa/> at 148 times the annual income of most citizens, while South Africa<http://topics.bloomberg.com/south-africa/> has the lowest house price to income ratio of 60, Business Daily reported.
Kenya’s average annual personal income was 35,461 shillings ($416.70) in 2010 compared with an average mortgage cost of 4.4 million shillings, the Nairobi-based newspaper said, citing a study by the Global Property Guide. Tanzania’s house price to income ratio stands at 134, the Gambia at 134 and Madagascar’s is 113, the newspaper reported.
Property prices in Kenya rose an average 5.8 percent last year, Nairobi-based HassConsult Ltd. said on Feb. 1.
To contact the reporter on this story: Eric Ombok in Nairobi at eombok@bloomberg.net.
To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net.
On 15 March 2011 16:13, Dennis Kioko <dmbuvi@gmail.com> wrote:
Note: Prices to Go up after ground breaking 55% sold
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