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Real Estate

Top 5 Kenyan Cities Attracting Highest Real Estate Investment in 2025
Real Estate

Top 5 Kenyan Cities Attracting Highest Real Estate Investment in 2025

Kenya's real estate market is characterized by rapid urbanization, significant infrastructure initiatives, and a growing middle class. These factors are drawing an influx of investors to various regions, each presenti…

Dec 18, 2024
Exact Prices and Locations for Kenya's Affordable Housing Units
Real Estate

Exact Prices and Locations for Kenya's Affordable Housing Units

The government of Kenya has officially launched the sale of 4,888 newly completed Affordable Housing Units across 17 counties. This initiative is an important component of the government’s strategy to ensure accessibl…

Dec 16, 2024
Resident Groups Urged to Spearhead Nairobi's Smart City Initiatives
Real Estate

Resident Groups Urged to Spearhead Nairobi's Smart City Initiatives

Nairobi's ambition to evolve into a modern smart city is increasingly bolstered by the proactive involvement of resident associations. This is according to Dr. Julius Kipng’etich, Group CEO of Jubilee Holdings Ltd. Sp…

Dec 15, 2024
Majority of Kenyan Buildings Fail Critical Safety Inspections
Real Estate

Majority of Kenyan Buildings Fail Critical Safety Inspections

A newly released report by the Architectural Association of Kenya (AAK) has raised concerns regarding the structural safety of buildings nationwide. According to the findings, less than half of the 1,333 buildings ins…

Dec 10, 2024
Flat Roofs Push Kenyan Homeowners to Seek Innovative Solutions
Real Estate

Flat Roofs Push Kenyan Homeowners to Seek Innovative Solutions

Kenya’s construction sector experienced a notable slowdown in growth during 2023, as reported in the 2024 Economic Survey released by the Kenya National Bureau of Statistics (KNBS). The sector's growth decelerated to…

Dec 8, 2024
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Revealed: Why Homeownership Fails to Excite Kenyan Households
Real Estate

Revealed: Why Homeownership Fails to Excite Kenyan Households

Despite the Kenyan government’s substantial commitment to expanding affordable housing, the initiative faces challenges in gaining public support. A recent analysis from the 2024 FinAccess Household Survey indicates t…

Dec 5, 2024
Kenya's Construction Industry Battles Proposed 35% Excise Duty on Building Materials
Real Estate

Kenya's Construction Industry Battles Proposed 35% Excise Duty on Building Materials

Concerns are mounting within Kenya's building and construction industry as stakeholders unite against a proposed 35 per cent excise duty on essential materials such as tiles, sinks, and toilets. This initiative, part…

Nov 30, 2024
Kenyan Professionals Abandon Urban Centers for Rural Opportunities
Real Estate

Kenyan Professionals Abandon Urban Centers for Rural Opportunities

The traditional migration pattern in Kenya has long been characterized by a steady movement from rural to urban centres, driven by aspirations for economic advancement and better opportunities. However, a major shift…

Nov 28, 2024
Woodley Estate Residents Seek Foreign Intervention Over Forced Evictions
Real Estate

Woodley Estate Residents Seek Foreign Intervention Over Forced Evictions

The residents of Woodley Estate in Nairobi are mounting an urgent international campaign against what they characterize as illegal and brutal home demolitions. They are seeking intervention from global humanitarian an…

Nov 26, 2024
New Construction Hub Binaa to Boost Kenya's Housing Drive
Real Estate

New Construction Hub Binaa to Boost Kenya's Housing Drive

Kenya's Housing Secretary Said Athman has lauded the private sector's instrumental role in addressing the nation's acute housing shortage. Speaking at Thursday's inauguration of Binaa, the country's pioneering compreh…

Nov 22, 2024
How to Avoid the Most Common Construction Mistakes
Real Estate

How to Avoid the Most Common Construction Mistakes

In real estate development, cost-cutting measures can often lead to catastrophic consequences, including structural failures and potential loss of human life. Charles Ayoro, Managing Director of Real Estate Associates…

Nov 21, 2024
Government Moves to Cap Property Rate Interest at CBK's 12 Percent
Real Estate

Government Moves to Cap Property Rate Interest at CBK's 12 Percent

The Kenyan government has proposed to cap interest rates on defaulted property rates. The proposed amendment to the National Rating Bill of 2022 would align the maximum interest charged with the Central Bank of Kenya'…

Nov 17, 2024
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Mobile Money Emerges as Preferred Payment Method for Kenya's Construction Sector
Real Estate

Mobile Money Emerges as Preferred Payment Method for Kenya's Construction Sector

A recent report by the Kenya Institute for Public Policy Research and Analysis (Kippra) has revealed that mobile money usage is most prevalent in Kenya's construction industry. The research shows that 66.7% of those i…

Nov 14, 2024
Purple Dot Unveils Luxurious Marigold II Project in Nairobi's Affluent Lang'ata
Real Estate

Purple Dot Unveils Luxurious Marigold II Project in Nairobi's Affluent Lang'ata

Purple Dot, a prominent residential and commercial property developer, has embarked on an ambitious project in Nairobi's affluent Lang'ata neighborhood. The new development, named Marigold II, features 89 upscale unit…

Nov 8, 2024
Construction Sector Dominates Economic Activity in Kenya's Drylands, KIPPRA Report Reveals
Real Estate

Construction Sector Dominates Economic Activity in Kenya's Drylands, KIPPRA Report Reveals

The Kenya Institute for Public Policy Research and Analysis (KIPPRA) has revealed that the construction sector has emerged as the most vibrant sub-sector in Kenya's arid and semi-arid counties. This growth can be attr…

Nov 7, 2024
Political Uncertainty Shakes Kenya's Property Market
Real Estate

Political Uncertainty Shakes Kenya's Property Market

The Kenyan real estate sector is experiencing the consequences of political instability, with developers and investors expressing worries about the risks associated with frequent election cycles. The current political…

Nov 4, 2024
Kenya's Property Sector Struggles as Construction Growth Slows
Real Estate

Kenya's Property Sector Struggles as Construction Growth Slows

Kenya's real estate sector has encountered substantial headwinds during the recent two-year period, particularly evidenced by diminishing demand for detached and semi-detached properties. According to the Kenya Financ…

Oct 31, 2024
From CCTV to Guest Logs: How Nakuru Airbnbs Are Raising Safety Standards
Real Estate

From CCTV to Guest Logs: How Nakuru Airbnbs Are Raising Safety Standards

As the festive season approaches, Airbnb accommodations in Nakuru City are experiencing heightened demand prompting property owners to enhance their security protocols. The western tourism circuit, encompassing attrac…

Oct 31, 2024
Telposta Pension Evicts Former Telkom Kenya Employees After Decades-Long Property Dispute
Real Estate

Telposta Pension Evicts Former Telkom Kenya Employees After Decades-Long Property Dispute

The Telposta Pension Scheme has initiated the eviction of approximately 100 former Telkom Kenya employees from its properties along Jogoo Road in Nairobi, concluding a two-decade-long dispute over a Sh700 million prop…

Oct 30, 2024
Global Construction Giants Converge in Nairobi for Big 5 Exhibition
Real Estate

Global Construction Giants Converge in Nairobi for Big 5 Exhibition

The prestigious Big 5 Construct Kenya exhibition will return to Nairobi's Sarit Expo Centre from November 6 to 8, 2024, showcasing the latest developments in Kenya's burgeoning construction industry. The event is expe…

Oct 30, 2024
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