Cytonn: Average price- to-rent ratio in Kenya is lower compared to bubble periods in places like US
2 months ago, 4 Jan 00:12
: Kenya’s real estate sector experienced a slowdown in 2017 owing to the extended electioneering period and continued cash crunch due to the interest rate cap. According to Cytonn’s Annual Market Review for 2017, lending to the private sector grew by 2.4 per cent as of October 2017. This was a sharp contrast to the cumulative annual growth rate of 14.4 witnessed during the last five years. The results of the decline were evident in the reduced value of building approvals in Nairobi that declined ...
Category: business news