gallivant: The difference is that these Kenyans are land investors. They have built homes and farms in their own land. The material of construction is inconsequential right now.
Mud houses should be where you keep your cows not humans in this day and age....nuke the whole structure down and start again..did you run out of cement
Kenyans are fraud...look at what Kisumu looks ..the Ghanaian vlogger saved us from being decieved by your fraudulent practice....ugly city,ugly road and of course primitive transport system..there goes your Kisumu
rvp20182: What is so difficult to understand. Both of those statements are not mutually exclusive. Property values rise with infrastructure. If you go nuts like those black south africans and build a huge monster in middle of nowhere - rural azania - it will be worthless.
Now infrastructure can be ideally put up by gov or sometimes in many african countries - investors themselves put them up.
Part of the reforms that gov is trying to help address our high property prices - include gov building infrastructure in mass housing schemes - and also providing free cheap land
But don't mistake lowering property prices for masses - and appreciation of property values.
@ 1st bolded ..shut. Up they are mutually exclusive..stop.spitting hairs.
rvp20182: There is are lots of reforms going on - the actual construction on some sites have started - but ultimately Sonko has to go - so Uhuru can demolish old Nairobi County council housing and build skyscrappers - mass social housing.
The latest reform was to allow people to use their pension 40% of the pension to purchase houses. We have 12B dollars worth of contributory pension - so this could unlock potentially 5 billion dollars.
Talk is cheap weasel.... nothing is going on there..that program is as good as dead...I still remember how you never allowed this thread take a breath without reminding about your render dress or carrot talk promise....lol. The minutes anything goes on there I will know
Instead of using all the loans he took on productive expenditures, he used it on wasteful spending
Kenya used loans to feed themselves and now they cant pay back
He gathered a group of architect and told them to design an affordable housing prototype then invited the media and launched a picture spree to decieve gullible lots like him...all this is a political Jamboree laced with carrot talks
London skyscraper district is very small..Paris also have a small skyscraper district called LA' Defence... But the point is that they are too tiny.. skyscraper has never been Europe's culture.save that for Asia or America.. Look at Budapest..that place is a beauty yet no skyscraper.
Shma: why are you pained Am just enjoying the pictorial show. Lemme post upperhill, and I said am posting upperhill. Upperhill is not Lagos, so don t expect to see a new upperhill-Lagos like CBD anytime soon. , maybe give it ten years and you will see a new version of jorburg. And by then, I will post the new looks of it.
Ist pic is a rendered 2nd pics a dead project 3rd also a render..88 condominium is dead....they receive approval since yet nothing..
mtisTheQubit: Sammy your guy doesnt know anything..he started calling coding stuff make up language.. i think that is found in salons an stuff..tell us coz ya know stuff about make ups
You are just bring petty..he made a simple omission of word...but yeah it is MtistheQubit...he would focus on that to sway your attention from the main subject of discussion...I know you hobbit
gallivant: Sounds like a zoo. Sounds like there are no laws governing housing in the Nigeria.
The irony..you have some of the laws governing your housing yet you've managed to produce some of the largest slums on planet earth...there goes you logic....to the waste bin
rvp20182: I got tired with your wet dreams and renders long time ago. I first saw Eko city in CNN I think in 2006 or something. The reality now - two lonely towers.
Again you lie..you didn't see Eko Atlantic in 2006 ..maybe you saw kibera city regeneration....
rvp20182: Like Mzanzi told you - kenya properties are even more expensive than South Africa. Don't talk real estate - Hobbit. This is way above your paygrade. You're talking about little Accra and Kumasi
You went to increase the price of your resourceless land..that is why you have your crappy, tasteless,shiity, unimpressive properties so fvcking expensive..
rvp20182: Two things. 1) Lack of economies of scale - kenya housing went informal since mid 90s - and 2) most property investors have to provide infrastructure too - build sewers,water and roads.
I think we can sort the first one by allowing pensions funds and gov to move back into housing - and deliver mass houses cheaply. We are working on that - affordable housing.
The second one is also happening. In about 6yrs - we have doubled our paved roads from around 11,000 to now 20,000kms. We are also massively investing in water, sanitation and electricity (one world fastest electrification).What is pending is just to get light rail or metros - at least in Nairobi and Mombasa.
So in the medium term - we might see property prices cooling down in the few areas of Nairobi - and increasing everywhere.
Firstly you are contradicting yourself fool..I thought you said more infastructure surges property prices Secondly your paved road network is less than 10,000km ..stop that 20,000km joke...it's a fvckkkinnnng lie
vaxx: At last, IMF listen to the cry of uhuru ....78 billion shilling will be landing on Kenya central bank account soon. . Kenya demand for 1.5 billion dollar but she get a half of that cash. I am sure IMF is trying to be careful here.
Finally
What is the interest rate...we are to repay ours in the next five years with 1% interest rate