Will this be a sane year for real estate? [Wilberforce Okwiri, Standard]This is the year when confidence will gain ground for local real estate, according to a PricewaterhouseCoopers in a report.The report, ‘Real Estate 2020: Building the future’, says Kenya will be a key pillar in the global investable real estate, which is expected to expand substantially. Local developers and other real estate stakeholders will, however, be understandably cautious following one of the most difficult years in real estate in over a decade. Last year, towards the middle of the 2019 demonetisation drive, Central Bank Governor Patrick Njoroge said lots of dirty cash was being offloaded into the real estate sector. Cytonn Investments also thinks 2020 will bring better tidings for the local real estate.

Source: Standard Digital January 02, 2020 09:56 UTC