Investment firm Cytonn has painted a grim outlook for real estate, citing oversupply and reduced access to credit.
The 2019 first quarter survey conducted by its Cytonn Real Estate registered a slowdown in office and retail at 0.1 percent and 0.5 percent respectively to stand at eight percent and 8.5 percent respectively due to a surplus of 5.2 million square feet and two million square feet respectively compared.
