What is happening is the supply curve moved to the right (renters turned to be investors in housing) thus stagnating the demand for rentals. There is almost an infinitely n ample land in Kitengela, Isinya, Ruai, Naivasha, Thika while land use change in Kiambu flourish....the economy grew by one digit almost collapsed during the '08 clashes. The bubble had to bust. Markets have a life of their own!
What is happening is the supply curve moved to the right (renters turned to be investors in housing) thus stagnating the demand for rentals. There is almost an infinitely n ample land in Kitengela, Isinya, Ruai, Naivasha, Thika while land use change in Kiambu flourish....the economy grew by one digit almost collapsed during the '08 clashes. The bubble had to bust. Markets have a life of their own!
siasabora 1 year ago