{"id":7189,"date":"2019-04-10T07:44:21","date_gmt":"2019-04-10T07:44:21","guid":{"rendered":"https:\/\/kenyahomes.co.ke\/blog\/?p=7189"},"modified":"2019-04-10T09:00:07","modified_gmt":"2019-04-10T09:00:07","slug":"is-real-estate-out-of-the-woods-yet","status":"publish","type":"post","link":"https:\/\/kenyahomes.co.ke\/blog\/is-real-estate-out-of-the-woods-yet\/","title":{"rendered":"Real Estate; Finally out of the woods?"},"content":{"rendered":"\n

The handshake effect on Real estate<\/h2>\n\n\n\n

The Infamous handshake somewhat put an end to Kenya’s economic turbulence especially In the Real Estate industry.<\/p>\n\n\n\n

Many economic sectors, including real estate breathed\na huge sigh of relief, and are seemingly performing better.<\/p>\n\n\n\n

The handshake was one of the defining moments as it\nbrought a level of political stability into the country. <\/p>\n\n\n\n

Following that, business has picked up and investors\nare back to the market.<\/p>\n\n\n\n

Wait -and-see-attitude<\/h2>\n\n\n\n

Owing to the political instability, investors deliberately withheld their money due to constant rioting and violent engagement with law enforcers. As a matter of fact, residents of Nairobi were becoming accustomed to teargas in the C.B.D and its environs.<\/p>\n\n\n\n

Were it not for the handshake, politicians would still\nbe actively engaging in politics. <\/p>\n\n\n\n

There is nothing that stalls projects in Real Estate\nthan heightened political temperatures. The big sigh of relief came in March,2018\nwhen that Handshake happened.<\/p>\n\n\n\n

Is it all rosy?<\/h2>\n\n\n\n

Despite the handshake, late 2018 and early 2019 witnessed\nso many properties being demolished.<\/p>\n\n\n\n

Even the handshake couldn\u2019t save houses built on\nriparian lands and road reserves.<\/p>\n\n\n\n

The brand-new multi-million-shilling Grand Manor Hotel in Gigiri was brought down by government bulldozers in December 2018. <\/p>\n\n\n\n

This only proves that despite the handshake, real estate continues to incur millions of loses.<\/p>\n\n\n\n

Association of Construction Project Manager chairman Nashon Okowa says demolitions will not stop anytime soon and there is need for investors to consult widely before putting up structures.<\/p>\n\n\n\n

To the best of my knowledge, Kenya Homes tops the list especially when it comes to real estate consulting.<\/a><\/p>\n\n\n\n

Complete ‘makeover’<\/h2>\n\n\n\n

This year, real estate is headed for a complete\nmakeover as more buildings embrace peculiar shapes and designs.<\/p>\n\n\n\n

There\u2019s no telling what creativity and new technologies will bring to the market. We are already witnessing apartments that are ahead of their time with speed lifts and heated pools as part of the package.<\/a><\/p>\n\n\n\n

Fintech and mobile app technology<\/h2>\n\n\n\n

Fintech has\nmade rapid inroads into the Kenyan economy and real estate industry, offering\ninnovative solutions. <\/p>\n\n\n\n

Globally, there is a cloud-based software which allows mortgage applicants to securely share financial data with lenders to cut down on approval time. Thus, It is only a matter of time before it arrives in Kenya.<\/p>\n\n\n\n

More real estate-related apps are expected to come up in 2019 as mobile app technology consequently continues to prove to be the next big thing when it comes to buying basically anything.<\/p>\n\n\n\n

This year holds some promise that things will improve in\nthe real estate industry. Already, we have seen a healthy appetite for local\nproperty.<\/p>\n\n\n\n

Despite a few mishaps here and there, notable developments are expected to shape the real estate industry in 2019.<\/p>\n\n\n\n

related; The top amenities to look for in a house.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The handshake effect on Real estate The Infamous handshake somewhat put an end to Kenya’s economic turbulence especially In the Real Estate industry. Many economic sectors, including real estate breathed a huge sigh of relief, and are seemingly performing better. The handshake was one of the defining moments as it brought a level of political […]<\/p>\n","protected":false},"author":1,"featured_media":6812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"amp_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-7189","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-home-improvement"},"yoast_head":"\nReal Estate; Finally out of the woods? - Kenya Homes<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/kenyahomes.co.ke\/blog\/is-real-estate-out-of-the-woods-yet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real Estate; Finally out of the woods? - Kenya Homes\" \/>\n<meta property=\"og:description\" content=\"The handshake effect on Real estate The Infamous handshake somewhat put an end to Kenya’s economic turbulence especially In the Real Estate industry. 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