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Real Estate Briefing - Categorized | Finance, Market Moves more

Kenya real estate lending slows as rates rise

Posted on 09 January 2012

Commercial banks advanced more credit to businesses compared with the real estate sector in 2011, as lenders moved to reduce their exposure to rising loan defaults in the property market largely due to high interest rates and a slowing economy, new data shows.
The latest Monthly Economic Review indicates that the trade sector received $576 million, in the eight months to August 2011. Households took second place receiving $437 million, while the real estate sector came in third with $429 million………………………………………Full Article: Source


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