×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Experts: Why Kenya is unlikely to see a property bubble

Entrance to Nyayo Estate in Embakasi, Nairobi. [File, Standard]

In 2016, amid a rapid increase in demand for housing against short supply, which led to a sharp increase in prices, players in the real estate sector frantically battled to allay fears of an imminent bubble and a subsequent burst.

Potential buyers were hoping for the bubble to burst, a phenomenon in which demand would decrease with an increase in supply, leading to a sharp drop in property prices.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in