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Real Estate and construction one of the major sector that has benefited from this year's budget. Developers constructing low cost housing to be given tax incentives( corporate tax to be reduced from 30% to 20% for more then 1000 units per year)

What a business?

For those not understanding, this is what it means; Every business is chasing to make a positive figure in its books, when your EPAT is left at 80%, cost of operation will be reduced. You will get mortgage at low interest given the economies of scale in the project assuming you will channel the whole amount to 1000 units, more sales within the year, more jobs to estate agents and sales agents. I predict this industry will grow at 20% this year and remain to be the most sector contributing to our economy.

Great news for the real estate industry NCA and NEMA fees dropped thanks to Kenya Property Developers association for extensive lobbying that has lead to this .