REAL ESTATE ALERT
WEAKENED KENYA SHILLING (KES)
EXCHANGE RATE (Dollar vs KES)
CENTRAL BANK OF KENYA RATE -selling & buying US Dollars ($) is 117.95
IMPLICATION
IMPORTS & SUPPLIES-STEEL/OIL PRICES & INTEREST RATES HAVE GONE UP
8,000 USD is now APPROX. KES 1,000,000.
RESULT
EXPENSIVE MORTGAGES & VERY HIGH CONSTRUCTION COSTS
lEGAL ADVICE
PURCHASE REAL ESTATE ASSETS (LAND, HOUSES) IN CASH (INSTALLMENTS) NOW, CONSTRUCT OR GET A MORTGAGE WHEN THE KES STABILIZES AGAINST THE USD

Please note that the contents of this newsletter are intended to provide a general guide to the subject matter. It should not be relied upon without legal advice on its contents.
Should you require further information or legal assistance on Compliance or any other legal issue, kindly feel free to contact us at info@wka.co.ke, www.wka.co.ke, +254 798 03 580, Nairobi Hub: Parklands, Valley View Business Park, 6th Floor, City Park Drive, Off Limuru Road
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