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Real Estate

Sh1.9B Loan Raises Questions Over Jabavu Village's Housing Projects
Real Estate

Sh1.9B Loan Raises Questions Over Jabavu Village's Housing Projects

Jabavu Village, a subsidiary of the Hass Petroleum Group, has found itself embroiled in controversy over its management of an affordable housing initiative in Nairobi. The real estate firm has drawn significant attent…

Oct 29, 2024
High-End Homes Transform Kisumu's Skyline
Real Estate

High-End Homes Transform Kisumu's Skyline

The city of Kisumu has struggled to accommodate its growing population which has far exceeded the capacity of the infrastructure initially built by colonial authorities for a much smaller population. Situated advantag…

Oct 25, 2024
Tenants Get Relief as 7 Nairobi Estates See Rent Decrease
Real Estate

Tenants Get Relief as 7 Nairobi Estates See Rent Decrease

The real estate market in Nairobi saw a decline in rental prices in several suburbs during the third quarter of the year from July to September. Recent analysis from Hassconsult reveals a downturn in rental prices acr…

Oct 23, 2024
Kenya's Innovative Approach to Solving Housing Scarcity
Real Estate

Kenya's Innovative Approach to Solving Housing Scarcity

The Affordable Housing program in Kenya has emerged as a transformative initiative that brings considerable benefits to citizens across the nation. Spearheaded by President William Ruto's Bottom Up Economic Transforma…

Oct 19, 2024
Kenya's E-commerce Boom Transforms Warehouse Demand and Rental Rates
Real Estate

Kenya's E-commerce Boom Transforms Warehouse Demand and Rental Rates

The industrial property sector in Nairobi experienced a notable upswing in rental rates during the initial half of 2024, primarily driven by heightened demand from e-commerce companies and data centre operators. A rec…

Oct 16, 2024
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The Rise of Ngata, Kiamunyi, and Lanet as Residential Hotspots
Real Estate

The Rise of Ngata, Kiamunyi, and Lanet as Residential Hotspots

The journey of establishing oneself after completing education often begins with temporary accommodation before transitioning to rented housing. As financial stability and job security solidify, many individuals aspir…

Oct 14, 2024
Kenyan Landlords Face Sh100bn Bill in Ambitious Tax Plan
Real Estate

Kenyan Landlords Face Sh100bn Bill in Ambitious Tax Plan

The Kenyan government is poised to implement a comprehensive overhaul of its tax system aiming to collect an additional Sh83 billion in revenue. This initiative, led by the Ministry of National Treasury and Economic P…

Oct 10, 2024
Common Online Property Scams in Kenya's Real Estate Market
Real Estate

Common Online Property Scams in Kenya's Real Estate Market

The integrity of land titles in Kenya has come under scrutiny following a recent scandal involving the Government Printer. Reports initially suggested that 367 title deeds had been stolen, but the Ministry of Lands la…

Oct 4, 2024
How Kenya's Updated Building Standards Will Tame Shoddy Construction
Real Estate

How Kenya's Updated Building Standards Will Tame Shoddy Construction

The implementation of the new National Building Code represents a crucial shift in construction standards, aimed at enhancing safety, functionality, and overall quality in the built environment. This updated code supe…

Sep 30, 2024
From REITs to Rentals: Diverse Strategies in Kenya's Property Market
Real Estate

From REITs to Rentals: Diverse Strategies in Kenya's Property Market

Investing in Kenyan real estate presents a lucrative opportunity characterized by robust returns and portfolio diversification potential. To navigate this market successfully, investors must consider several key facto…

Sep 25, 2024
Real Estate Tops Labour Productivity in Kenya's Service Sector
Real Estate

Real Estate Tops Labour Productivity in Kenya's Service Sector

The latest Kenya Economic Report, published by the Kenya Institute for Public Policy Research and Analysis (KIPPRA), has revealed that the real estate sector in Kenya is leading in labour productivity within the servi…

Sep 19, 2024
Kenya's Luxury Real Estate Market Rebounds in 2024
Real Estate

Kenya's Luxury Real Estate Market Rebounds in 2024

The Kenyan luxury real estate market is experiencing a notable resurgence in 2024, following a period of dominance by the affordable housing sector. While affordable housing initiatives have been at the forefront of d…

Sep 19, 2024
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Nairobi Struggles with Office Oversupply as Rents in Other African Cities Soar
Real Estate

Nairobi Struggles with Office Oversupply as Rents in Other African Cities Soar

The prime office rental market in Nairobi continues to underperform compared to other major African cities, despite a recent uptick in occupancy rates. This trend is largely attributed to an oversupply of office space…

Sep 15, 2024
The Untold Story of Kenya's Counterfeit Cement Undermining Construction
Real Estate

The Untold Story of Kenya's Counterfeit Cement Undermining Construction

A recent report reveals that more than half of the cement samples collected by the Kenya Bureau of Standards (Kebs) in a market survey failed to meet the required standards. According to the findings, a mere 38.1% of…

Sep 9, 2024
Kenyan Investors Tap into Dubai's Booming Real Estate Market
Real Estate

Kenyan Investors Tap into Dubai's Booming Real Estate Market

Dubai's real estate market has emerged as a magnet for Kenyan investors seeking to diversify their portfolios and acquire luxury properties in one of the world's fastest-growing cities. The emirate's promise of econom…

Sep 5, 2024
Kenyan Luxury Real Estate Faces Auction Surge Amid Market Downturn
Real Estate

Kenyan Luxury Real Estate Faces Auction Surge Amid Market Downturn

Kenya's property market is experiencing significant strain due to ongoing economic challenges with auctioneers increasingly seizing high-value assets across various sectors. This trend is affecting even well-establish…

Aug 20, 2024
Kenyan Real Estate Firm's Sh2 Billion Assets in Jeopardy as Directors Clash
Real Estate

Kenyan Real Estate Firm's Sh2 Billion Assets in Jeopardy as Directors Clash

The legal dispute between the directors of Kiambu-based real estate firm Willstone Homes Limited has escalated as the struggle for control over the company's bank accounts intensifies. At the heart of the conflict is…

Aug 7, 2024
Nairobi Climbs to 4th Place in Africa's High-Rent City Rankings
Real Estate

Nairobi Climbs to 4th Place in Africa's High-Rent City Rankings

Nairobi has distinguished itself as a frontrunner in Africa's rental market experiencing a substantial 28% increase in rental rates over the past three years. This upward trajectory can be attributed to a confluence o…

Jul 11, 2024
Utawala: From Hyena Territory to Prime Real Estate
Real Estate

Utawala: From Hyena Territory to Prime Real Estate

The transformation of Utawala exemplifies the rapid urbanization occurring in Kenya's satellite towns. Once a wild, uninhabited area frequented by hyenas, Utawala has evolved into a bustling neighbourhood over the pas…

Jun 26, 2024
Loan Defaults Trigger Mass Property Auctions Across Nairobi
Real Estate

Loan Defaults Trigger Mass Property Auctions Across Nairobi

Homeowners and investors are at risk of losing their properties as financial institutions and banks take assertive measures to recover loans. This surge in auctions has particularly affected areas like Kitengela which…

Jun 22, 2024
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