Monday 20 August 2012

The impact of The Thika Superhighway on Property prices in the areas surrounding it

Development of a high level higway to Thika in what many of you know as the Thika superhighway in the real sense would seem as very good news for property devlopers. reports have indicated high growth in property investmnet prospects along the highway and the surrounding areas. with reports of a proposed modern mall along the highway by a top British consortium, it is clear that there is a rush world wide to tap the opportunities brought by the expansion of the highway. land prices have inflated marginally albeit it is likley that commercial property investors will fuel the demand as they look to win whatever piece left of the cake. in the next 5 years, homes along the Thika highway are expcted to double. furthermore, the improvement of the railway will be another determinat factor that will spur this unprecedented growth. it looks now that developers are looking for another heaven, and that has got to be Areas along the Thika highway. The Kenyan Real Estate sector has been booming over the last decade. property prices are expcted to rise but even so,A shortfall in mortgage supply may lead the sector to an irretrievable mess.

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