Tag Archives: Cytonn

Interest rate cap laws pushes Kenya real estate developers to alternative financing models

NAIROBI, KENYA: For years, property developers have had to contend with high land costs (grew by 19.4 per cent over the last five years), high construction costs (normally 70 per cent of total project costs), and lack of requisite infrastructure. They have had to rely on financial institutions and their own resources to meet such costs. But […]

Real estate still best bet despite election threat

Development of infrastructure, friendly Government policies and poor performance in other industries are set to cushion the real estate sector despite election jitters. Investment firm Cytonn said in its 2017 Land Research Report released yesterday land prices were also likely to hold and even grow heading into the August polls. “We expect land price increase […]