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Kenya’s real estate sector, boom or doom?

Posted on 21 June 2012

The Kenyan market has been awfully lucrative especially for foreign investors because of the high profit margins of 20 to 30 per cent, which analyst Nathan Luesby has argued is impossible even in the US or European markets.
In the last decade, Kenya’s real estate has been anything but robust. The real estate boom survived the 2008 Post Election Violence and global economic downturn that crippled other sectors such as tourism and agriculture. The construction sector is approximated to have created 82,000 private sector jobs in 2010………………………………………..Full Article: Source

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