Beginning of this month, the Monetary Policy Committee brought their bi-monthly meeting earlier by one month and announced a large increase (almost 20%) of the CBR (central bank rate), from 8.5% to 10%. The main reason for this decision was the need to implement a policy in order to try to stop the country’s […]
Basic principles of economics say that for any country a widening current account deficit and a rising debt level will eventually herald a weaker currency. The Kenyan economy has been growing for the last years but its account deficit and debt level are growing fast as well. On top of that, the need to support […]
It’s no secret that the Texas economy has been on fire in recent years. Thanks to the unconventional oil boom, last year the state’s oil output reached levels not seen since 1976. That sparked a surge in new home construction and a simultaneous run-up in housing costs in many metro areas. Unfortunately, the local economies […]
Kenya is a country of big contradictions. Its capital city, Nairobi, consists of an impressive urban environment. Within a few minutes, one can get completely contradictory views of the city. It is a mixture of extreme luxury and extreme poverty. Karen is one of the high end areas of Nairobi but to get there, one […]
Housing supply is tight in most cities across the United States, but that does not mean that every market is a seller’s market. Today’s homebuyers are a finicky lot and a mortgage-dependent lot and a confidence-lacking lot; they may want to buy a house, but they’re not as willing to be as “house poor” as […]
Over the past few years, Londoners, from Shepherd’s Bush to Stratford, have been shocked by the house prices . Many potential buyers who had hoped that signs of a slowdown ,that emerged in the summer ,would continue, and so it has . But what exactly is a slowdown for a market that has been outperforming for the last […]
Concern that foreign investors are pricing local buyers out of the real estate markets in major cities is provoking debate. But that shouldn’t detract from the real problems Manhattan’s skyline, with many high-rise and exclusive condos. Foreign property investment is increasing in the city Concern that foreign investors are pricing local buyers out of the […]
It is a life dream for every family to finally access the real estate market and purchase a home. Usually the only way to do that is to combine the family savings with finance from your bank. The same bank you have had a relationship with for many years is now holding your future dreams […]
If someone would review the number of buildings that have collapsed in Kenya within the last few years, he or she would conclude that Kenya is within a strong earthquake radius. Surprisingly, Kenya has no serious earthquake history. In fact, no earthquake has been recorded in the last few years, and if any, none could […]
If you want to get a Londoner talking, talk to them about their housing. From sky-rocketing prices, to shortages in the affordable housing supply, to renters’ rights, it is a topic that fires debate like few other. With less than three months to go before the general election, it is also an area where the […]
