Property bubble burst? Not in Kenya

Is there really a bubble? This is the six-million dollar question in real estate. I don’t think there is. There was a bubble in the United States, the United Kingdom and Europe which grew until it burst in 2008. The growth was tangible, mistakes were clearly evident in hindsight and the impact on commerce and society was huge.

My own business in the UK has only now gained the ground that was lost in 2008 when commercial rents tumbled and rental voids increased. After nearly 10 years, we are now back to the rental incomes that make up for lost ground.