Land Sector Cytonn H1’2021 Markets Review Note
Jul 14, 2021
Land prices in low rise residential areas recorded highest price appreciation of 4.9 % in H1’2021 compared to a market average of 1.6% During H1’2021, the land sector recorded an overall annualized capital appreciation of 1.6%, with asking land prices in low rise residential areas recording a 4.9 % annualized capital appreciation, attributed to the relative affordability of land valued at Kshs 88.3mn per acre compared to high rise areas selling at Kshs 132.7mn per acre. Other factors making the areas attractive to people is the fact that they are sparely populated thereby offering exclusivity and privacy. Land in the commercial zone recorded a (3.7%) price correction to approximately Kshs 131.0 mn per acre compared to Kshs 133.0 mn per acre due to reduced demand for land in commercial zones as most developers have put on hold their activities as they await the absorption of the current office supply with the over...Nairobi Metropolitan Area Residential Report 2021
Jul 11, 2021
Last year, we released our Nairobi Metropolitan Area (NMA) Residential Report 2020Jul 4, 2021
Following an economic contraction in 2020, The Kenyan Economy is projected to grow at an average of 5.4% in 2021 according to various organizations as shown below: No. Organization 2021 Projections 1. International Monetary Fund 7.6% 2. National Treasury 6.6% 3.Sub-Saharan Africa Regional Review
Jul 4, 2021
According to the World Bank and the International Monetary Fund (IMF), the Sub Saharan economy is projected to grow at a rate between 3.4% and 2.8% in 2021 following a 2.4% decline in 2020 supported by recovering commodity prices and improving economic activity following the re-opening of most economies. There are still risks to these outlooks given subsequent waves of the virus, the governments’ high debt levels and historical challenges such as political instabilities in some of the countries. Debt sustainability in the region continues to be a major concern and as per World Bank’s Africa’s Pulse April 2021, SSA’s public debt is projected to rise further to 69.0% of GDP in 2021,...Jul 4, 2021
Introduction According to the World Bank’s June 2021 report, the global economy is projected to grow at a rate of 5.6% in 2021, 1.6% points higher than their initial outlook of 4.0%, largely driven by a projected 6.0% growth in emerging markets and developing economies, coupled with a 5.4% growth in advanced economies. Key to note, the 5.6% projected growth is the strongest post-recession pace in 80 years. The global recovery is however uneven, with advanced economies rebounding while developing countries lag behind driven by the unequitable vaccine access and distribution. The economic growth shall be largely supported by how fast the vaccines shall be distributed and the strength of the Fiscal and monetary measures put in place. The key challenges going forward shall be the increasing inflation rates globally d...