In every market segment, there are always buyers vs. sellers with different interests, but they work together, so each person achieves their goals. However, in some instances, the market favours the buyers, and in other circumstances, it favours the sellers.<\/p>\n\n\n\n
The real estate market in Kenya has been booming due to higher population growth. That’s why in some instances, sellers have the market favour due to high demand. According to Statistica, the real estate market grew by 6.1%<\/a> by the first Quarter of 2022.<\/p>\n\n\n\n This guide will show the buyers’ vs. sellers’ real estate market<\/a> in Kenya. It will help you make the right choices when investing in property<\/strong>.<\/p>\n\n\n\n A buyers market shows that the property<\/a> favours buyers at the moment. The buyers’ market favour happens when the properties listed<\/a> for sale are more than those willing and able to buy. These circumstances force the property sellers to reduce the price<\/a>. After all, they need to make money. However, these circumstances are rare in Kenya since citizens try to own homes.<\/p>\n\n\n\n Real estate investors who need to get high returns on their investment will hold a little bit longer to wait for the right time to sell their property. And that could bring down the buyer’s market if most investors choose to wait.<\/p>\n\n\n\nWhat is a Buyer’s Market in Real Estate?<\/h2>\n\n\n\n