With a current nine percent contribution to the leading East African economic power house’s GDP, the state of the real estate market in Kenya is on a roller-coaster. And the projections are enchanting. Fifty years down the line, real estate contribution to GDP is poised to astronomically shoot to two digits.
So, here is the big question; is there a property bubble in Kenya? This query has popped up repeatedly, especially in local property market fora. And according to Mr. George Wachiuri, the CEO of one of the leading property firm in Kenya, Optiven Limited, a property bubble isn’t something that is envisaged in Kenya in