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      <pubDate>Tue, 30 Oct 2012 08:00:00 +0200</pubDate>
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         <title><![CDATA[Investor speculation lifts key stocks to 12-month peak ]]></title>
         <link>https://meliassociates.webnode.page/news/investor-speculation-lifts-key-stocks-to-12-month-peak-/</link>
         <description><![CDATA[
	
		Key stocks extended gains yesterday with four counters touching new all-year highs driven mainly by speculation over third-quarter and full-year results for listed firms.


	
		Sentiments continued to fuel the bull run.


	
		British American Tobacco, Scangroup, KCB and Standard Chartered on Monday touched new 52-week highs of Sh465, Sh61, Sh30.75 and Sh236 respectively in yesterday’s trading at the Nairobi Securities Exchange (NSE).


	
		The four were among 11 stocks which closed last...]]></description>
         <pubDate>Tue, 30 Oct 2012 08:00:00 +0200</pubDate>
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         <title><![CDATA[High mortgage prices lock out 90pc of buyers ]]></title>
         <link>https://meliassociates.webnode.page/news/high-mortgage-prices-lock-out-90pc-of-buyers-/</link>
         <description><![CDATA[
	
		The cost of mortgage loans is out of reach for the majority of middle-class Kenyans and compares poorly with peer countries in Africa, a new report by the Centre for Affordable Housing Finance in Africa (CAHF) has showed.


	
		The Africa Housing Finance Yearbook 2012 by CAHF, a non-governmental organisation, says that owning a house is still a pipe dream for a majority of middle class Kenyans.


	
		“Only about 11 per cent of Kenyans earn enough to support a mortgage.


	
		This means...]]></description>
         <pubDate>Thu, 25 Oct 2012 11:00:00 +0200</pubDate>
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         <title><![CDATA[Drop in interest rates lifts demand for top-end homes]]></title>
         <link>https://meliassociates.webnode.page/news/drop-in-interest-rates-lifts-demand-for-top-end-homes/</link>
         <description><![CDATA[
	&nbsp;

	

	Kenya's house prices rose by 7.1 per cent in the third quarter of 2012 compared to the same period last year, a real estate firm said on Wednesday.

	
		&nbsp;


	
		Home prices rose by 5.1 per cent in the third quarter as fresh demand for housing started creeping in following a drop in lending rates.


	
		A housing survey by real estate firm HassConsult shows that developers are asking more for units, the after-effects of high financing costs associated with pricey loans last...]]></description>
         <pubDate>Thu, 18 Oct 2012 17:30:00 +0200</pubDate>
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         <title><![CDATA[Getting a mortgage: What you need ]]></title>
         <link>https://meliassociates.webnode.page/news/getting-a-mortgage-what-you-need-/</link>
         <description><![CDATA[
	
		After enriching your landlords for years, it becomes necessary for one to start thinking of owning their home. But this decision may prove challenging with no firsthand information on how to acquire a property.


	
		For instance, is it wise to buy a piece of land and seek financing for construction or purchasing an already constructed apartment?


	
		However, owning a home does not have to be a terrifying affair but one that you approach with a clear mind -but only if you follow the...]]></description>
         <pubDate>Mon, 15 Oct 2012 14:00:00 +0200</pubDate>
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         <title><![CDATA[Offshore News]]></title>
         <link>https://meliassociates.webnode.page/news/offshore-news/</link>
         <description><![CDATA[
	For more, see

	http://www.international-adviser.com/
]]></description>
         <pubDate>Fri, 12 Oct 2012 08:00:00 +0200</pubDate>
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         <title><![CDATA[Nairobi priciest home: Major Gen Ali's mansion]]></title>
         <link>https://meliassociates.webnode.page/news/nairobi-priciest-home-major-gen-alis-mansion/</link>
         <description><![CDATA[
	The front view of former Commissioner of the Kenya Police Major General Mohammed Hussein Ali’s newly constructed home in Karen.

	

	&nbsp;

	One of the priciest homes on sale in Nairobi risks being pulled off the market after potential buyers quoted prices that were far below the asking price.

	
		The 20,000-square foot mansion that former Police Commissioner Major Gen Hussein Ali built has been in the market for several months without finding a serious taker.


	
		The double storey home...]]></description>
         <pubDate>Mon, 08 Oct 2012 08:00:00 +0200</pubDate>
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         <title><![CDATA[Offshore Investing]]></title>
         <link>https://meliassociates.webnode.page/news/offshore-investing/</link>
         <description><![CDATA[
	
		Offshore investing is often demonized in the media, which paints a picture of investors stashing their money with some illegal company located on an obscure Caribbean island where the tax rate is next to nothing. While it's true that there will always be instances of shady offshore deals, the vast majority of offshore investing is perfectly legal. In fact, depending on your situation, offshore investing may offer you many advantages.
		
		
		What Is Offshore Investing?
		Offshore investing...]]></description>
         <pubDate>Fri, 07 Sep 2012 12:00:00 +0200</pubDate>
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         <title><![CDATA[Kenya Set to Make Biggest Rate Cut, Driving Yields Down]]></title>
         <link>https://meliassociates.webnode.page/news/kenya-set-to-make-biggest-rate-cut-driving-yields-down/</link>
         <description><![CDATA[
	Kenya’s central bank is set to make its biggest interest-rate cut on record to protect growth in East Africa’s largest economy, driving bond yields to all-time lows.

	The Central Bank of Kenya, led by Governor Njuguna Ndung’u, will probably reduce its benchmark lending rate by 2.5 percentage points to 14 percent, according to the median estimate of nine economists surveyed by Bloomberg. The bank’s Monetary Policy Committee is due to announce the rate decision in an e-mailed statement after 3...]]></description>
         <pubDate>Tue, 04 Sep 2012 13:29:00 +0200</pubDate>
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         <title><![CDATA[High interests slow down real estate boom]]></title>
         <link>https://meliassociates.webnode.page/news/high-interests-slow-down-real-estate-boom/</link>
         <description><![CDATA[
	High cost of borrowing is hurting the real estate sector as developers and home buyers struggle to adjust to the demanding financing requirements.

	In its Q1 2012 report, the Kenya National Bureau of Statistics noted that the construction industry grew by 3.2 per cent compared to 7.0 per cent a year earlier – a clear indication that growth in the sector could be cooling off.

	The report also stated that a major slow down was recorded in the consumption of cement which grew by 3.8 per cent...]]></description>
         <pubDate>Fri, 06 Jul 2012 07:45:00 +0200</pubDate>
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         <title><![CDATA[Kenya Stocks Lure Templeton to World’s Third-Best Rally]]></title>
         <link>https://meliassociates.webnode.page/news/kenya-stocks-lure-templeton-to-worlds-third-best-rally/</link>
         <description><![CDATA[
	
		Kenyan stocks, the worst performers in sub-Saharan Africa last year, are this year’s third-best worldwide as the central bank reins in inflation and spurs a rally in the currency.
	
		The Nairobi Stock Exchange All-Share Index (NSEASI) has surged 24 percent this year, the most after Venezuelan and Egyptian equities and paring 34 percent losses in 2011, according to data compiled by Bloomberg. While valuations have climbed from an all-time low of 5.6 times earnings in March, the ratio of...]]></description>
         <pubDate>Thu, 28 Jun 2012 14:00:00 +0200</pubDate>
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