tag:blogger.com,1999:blog-32661629.post2578372625829164448..comments2023-11-03T12:35:40.559+03:00Comments on Odegle Nyang: another weekend, another monthodeglehttp://www.blogger.com/profile/13373136262703654307noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-32661629.post-91742111034061689132007-04-04T17:13:00.000+03:002007-04-04T17:13:00.000+03:00its true that RE will fetch decent returns as far ...its true that RE will fetch decent returns as far as appreciation is concerned. However that angle brought in by coldi disturbs the waters. if you compare the 15 year bond at 14.5% . plus remember that you must discount the appreciation in value of that house. if you used mortgage then it would not help muchodeglehttps://www.blogger.com/profile/13373136262703654307noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-19275010671228174242007-04-04T16:25:00.000+03:002007-04-04T16:25:00.000+03:00CT, Several years ago I bought RE in Kenya. The fa...CT, Several years ago I bought RE in Kenya. The fact that the rent has hardly increased over the years is alright because property prices have doubled. Even though today's valuations are high, I believe RE will continue to fetch a high premium in Nairobi.<BR/><BR/>The same is happening the world all over; Mumbai, New York, London, etc.The Black Mambahttps://www.blogger.com/profile/13093261923557991519noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-62812608355413343652007-04-04T15:51:00.000+03:002007-04-04T15:51:00.000+03:00Odegle - Nice to have you back after the holiday h...Odegle - Nice to have you back after the holiday hiatus!coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-83645762523216856572007-04-04T15:50:00.000+03:002007-04-04T15:50:00.000+03:00Nice to have you back!ssembonge: Why would you exp...Nice to have you back!<BR/><BR/>ssembonge: Why would you expect capital gains if you buy at such high prices/low returns?<BR/><BR/>BTW, I am comparing RE in Kenya vs 15-yr T-Bond....<BR/><BR/>Of course, buying today & waiting 20 years will see capital gains!coldtuskerhttps://www.blogger.com/profile/11310224592572460759noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-11466583978328838972007-04-04T00:57:00.000+03:002007-04-04T00:57:00.000+03:00Right now the RE market in Nairobi is overpriced. ...Right now the RE market in Nairobi is overpriced. At today's price's, the ROI is less than 5%, though you are likely to get some good capital gains.<BR/><BR/>I'm glad I entered the market when the units and the lot sizes were much larger. Thanks to the expatriates in Kenya, the older and better apartments in Kileleshwa command a monthly rent of 55,000/= upwards paid quarterly in advance.<BR/><BR/>With a housing shortage in Kenya, its hard to go wrong with RE investments.The Black Mambahttps://www.blogger.com/profile/13093261923557991519noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-22733401785964022032007-04-03T20:33:00.000+03:002007-04-03T20:33:00.000+03:00@anon, i think housing makes good investment only ...@anon, i think housing makes good investment only if 1. its long term and 2. its large scale. if you are building a house for as an investment then it makes sense to build a number of them and cash in on economies of scale. those areas you mentioned are preferred due to historical reasons. but as pesatu has said, that is fast approaching history as well.<BR/><BR/>@pesatu, apart from that, the facilities are really stretched. these areas were not meant for tenements am told water is constantly a problem not to mention traffic jam, electricity etc. however early birds have really cashed in on the area. i saw a one bedroomed house with a small kitchen and small lounge going for 20K rent. doesn't really make sense does it?odeglehttps://www.blogger.com/profile/13373136262703654307noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-12677328669079751502007-04-03T19:54:00.000+03:002007-04-03T19:54:00.000+03:00@Anon:the worst thing about fl;ats is that they tu...@Anon:the worst thing about fl;ats is that they turned the skyline/ambience of places like kileleshwa to look like Umoja and parts of Thika road,with the only exception that the compounds of and cars of the formewr are newer and neater.<BR/><BR/>If u lived in Kile in the 1990s when the matatus ended @ 8p.m. u would hate the flatspesa tuhttps://www.blogger.com/profile/13489188603541487272noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-73708975989999067712007-04-03T19:24:00.000+03:002007-04-03T19:24:00.000+03:00I have lots of interest in housing but info seems...I have lots of interest in housing but info seems mixed.<BR/>Would you say that home construction or property development is good biashara at this time? Are there buyers? In what segment of the market do we have the most buyers?<BR/>Coz according to The Nation paper most buyers are/were in upmarket neighbourhoods Lavi, kile and such.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32661629.post-45363777275903715292007-04-03T12:29:00.000+03:002007-04-03T12:29:00.000+03:00The reeal estate guys r still unable to sell those...The reeal estate guys r still unable to sell those CGI photos that masquerade as real houses.Too many people have been burnt by paying mortgages on Architectural drawings that will be ready in 2 months 'to move in'pesa tuhttps://www.blogger.com/profile/13489188603541487272noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-1347188590840583642007-04-03T07:46:00.000+03:002007-04-03T07:46:00.000+03:00@min shady, what do you mean when it lasts? i hope...@min shady, what do you mean when it lasts? i hope its not going to end any time soon!odeglehttps://www.blogger.com/profile/13373136262703654307noreply@blogger.comtag:blogger.com,1999:blog-32661629.post-90119895682204208722007-04-03T01:59:00.000+03:002007-04-03T01:59:00.000+03:00kenyan home expos leave more , if not alot to be d...kenyan home expos leave more , if not alot to be desired, i dont know somehow they always dissapoint me,variety always lacks and as you said its always same old.as for more beautiful women...ebu just enjoy while it lasts.i havent watched norbit, but yeah, everybodys saying that eddie murphy just nashed. sigh, someone needs to give him a good movie.mama shadyhttps://www.blogger.com/profile/18029271329854851157noreply@blogger.com