Home Interview of Experts Around the World
-
Paul MwangiCountry: Kenya
City: Nairobi
Position: Director
Organization: Landmark Realtors Ltd
| Choices | A lot down | Somewhat down | Stable | Somewhat up | A lot of increase |
| Agricultural land | |||||
| Urban land | |||||
| Office | |||||
| Shopping | |||||
| Industrial properties | |||||
| Hotels | |||||
| Resort properties | |||||
| Rental housing & rental apartments | |||||
| Owner-occupied apartment or condominiums | |||||
| Detached houses, rowhouses or low-rise residence | |||||
| Residential land subdivision | |||||
| Retirement living | |||||
When will the property markets recover after Covid-19?
2023 or Longer
What are ‘new normal’ in real estate in your opinion?
Prolonged sale turn around time. In an attempt to make some profit, the developers and vendors will have to take time to realize better prices. Whereas it generally take time to dispose off a property, the situation post Covid 19 will make the situation worse.
How should we adjust ourselves in real estate business?
Whereas real estate is capital intensive thus necceciates borrowing, it maybe safer for developers to inject more equity and borrow less before the market stabilizes.
Which sectors are you in? (multiple choices)
Agent / broker, Appraiser / Valuer, Other Property Consultants
2020 Interview of 173 Experts around the World on Covid-19
Reason: Reduced purchasing power resulting from reduced business will affect demand negatively especially in upper segment residential and commercial properties. This will inturn lead to reduced property prices.