Folks, The current housing boom in Kenya has been the subject of debate from many quarters. I think our sentiments are being swayed by what happened in the western world a while back. The demand for housing is big. As we speak, there is a shortage. Then we are forgeting that middle income households who are sophisticated are moving towards purchasing houses rather than renting them. Combined income from middle income households ( husband and wife) would be sufficient to service a mortgage of about 100k per month. A key thing is to look in the next five to ten years. All the young fellows in their late teens and in campuses will require housing. In summary, I don't think KCB and Housing Finance are wrong in lending out billions and the hundreds of applicants trooping to banks sourcing for loans. Kind regards, Kevin On Tue, Mar 1, 2011 at 3:04 PM, Haggai Nyang <haggai.nyang@gmail.com> wrote:
I think many are waiting for the bubble to burst and move in for the kill...but then again this may never come to pass!
Do your research and consult, observe the market, and make your move. Nobody is getting any younger anyway.
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