Home RSS
Real Estate
Cars

CMA draws up rules to allow trading of property shares on Nairobi bourse

FRANCIS AYIEKO the east african
Real estate development on Waiyaki way in Nairobi. individual investors will be able to buy and sell shares of properties listed on the bourse. Picture: Anthony Kamau

Real estate development on Waiyaki way in Nairobi. individual investors will be able to buy and sell shares of properties listed on the bourse. Picture: Anthony Kamau


Millions of Kenyans are to benefit from a major new investment window as the government moves to introduce regulations that will allow real estate to be traded at the Nairobi Stock Exchange.



The new rules, drafted by the Capital Markets Authority, are intended to open up investment in the usually capital-intensive large-scale commercial property sector to the general public.

They will, for the first time in Kenya, facilitate the “chopping up” of real estate into small units for people to trade in them.

Under the Capital Markets (Real Estate Investment Trusts) Regulations, 2009, individual investors will be able to buy and sell shares of properties listed on the bourse in much the same way people trade in stocks and shares of companies listed on the stock exchange.


Source



Add your comment
  Anonymous comment
Nickname:
Password:
  Remember me on this computer

Title:
Send me by email any answer to my comment
Send me by email every new comment to this article





 
_________________________________________________________________________
 
Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.