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Real Estate

Nairobi Ranked Africa's Most Affordable Construction Destination
Real Estate

Nairobi Ranked Africa's Most Affordable Construction Destination

Nairobi has emerged as one of the world's most cost-effective cities for construction projects. This is according to a recent report conducted during the first quarter of 2024 by Turner & Townsend. The survey highligh…

Jun 20, 2024
Kenyan Landlords to Increase Rent by 25% Should Finance Bill Pass
Real Estate

Kenyan Landlords to Increase Rent by 25% Should Finance Bill Pass

Kenya's real estate market is bracing for major changes as the Kenya Property Investors Association (KEPIA) raises alarms over an imminent rent crisis. The association forecasts a staggering 25% surge in rental prices…

Jun 17, 2024
Kenya's 3D-Printed Garden City Tackles Affordable Housing Crisis
Real Estate

Kenya's 3D-Printed Garden City Tackles Affordable Housing Crisis

A novel project in Kenya is harnessing the potential of 3D printing technology to tackle the affordable housing challenge in Africa. Mvule Gardens, situated in Kilifi County, represents the continent's first large-sca…

Apr 28, 2024
Kenya and UN Partner to Accelerate Konza Technopolis Development
Real Estate

Kenya and UN Partner to Accelerate Konza Technopolis Development

Kenya and the United Nations have signed a Memorandum of Understanding (MoU) to bolster the development of Konza Technopolis. Konza is a planned smart city located south of Nairobi. This agreement signifies a strategi…

Apr 21, 2024
Satellite Towns Outshine Central Nairobi in Land Value Growth
Real Estate

Satellite Towns Outshine Central Nairobi in Land Value Growth

A recent report by Hass Land Price Index highlights the enduring profitability of land investment in Kenya. Property owners in Nairobi's surrounding satellite towns have witnessed remarkable growth in their holdings…

Apr 18, 2024
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Nairobi County Ramps Up Land Rate Collection Efforts
Real Estate

Nairobi County Ramps Up Land Rate Collection Efforts

The Nairobi County Government is implementing a multi-pronged approach to increase revenue generated from land rates. This initiative aims to bridge the financial gap required for smooth county operations. According t…

Apr 7, 2024
Sakaja Censured Over High-rise Development Plan in Kileleshwa and Kilimani
Real Estate

Sakaja Censured Over High-rise Development Plan in Kileleshwa and Kilimani

A proposal by Nairobi Governor Johnson Sakaja to allow the construction of skyscrapers in various parts of the city has ignited controversy. More than 26 professional and resident associations have emerged in oppositi…

Mar 28, 2024
Capitalizing on Kenya's Thriving Property Sector
Real Estate

Capitalizing on Kenya's Thriving Property Sector

The Kenyan real estate market has emerged as a compelling investment opportunity driven by significant growth in recent years. This trend contrasts with the lacklustre performance of traditional assets like government…

Mar 28, 2024
Sarah Wahogo Appointed CEO of Username Investment Limited
Real Estate

Sarah Wahogo Appointed CEO of Username Investment Limited

Username Investment Limited announced on March 14 the appointment of Sarah Wahogo as its new Chief Executive Officer (CEO). This transition in leadership marks an exciting chapter for the company as it continues its j…

Mar 20, 2024
How Konza City Aims to be a Sustainable Alternative to Nairobi
Real Estate

How Konza City Aims to be a Sustainable Alternative to Nairobi

Kenya is poised to take a significant step towards a technologically advanced future with the development of Konza City, a planned smart city envisioned to surpass Nairobi in terms of urban development. Located approx…

Mar 12, 2024
The Battle of Uncontrolled Urban Development in Nairobi
Real Estate

The Battle of Uncontrolled Urban Development in Nairobi

The relentless pursuit of urban progress often presents a dilemma with the need for sustainable growth clashing with the pressures of rampant construction.  Nairobi, Kenya, exemplifies this complex struggle, grappling…

Mar 7, 2024
Kenyan Homebuyers Find Bargains in Estates with Dropping House Prices
Real Estate

Kenyan Homebuyers Find Bargains in Estates with Dropping House Prices

The latest property index from HassConsult has brought some surprising news for those looking to buy a home in Kenya. The index reveals that there has been a significant drop in house and apartment prices in various e…

Feb 11, 2024
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Nairobi's Property Market Soars Amidst Shilling Depreciation
Real Estate

Nairobi's Property Market Soars Amidst Shilling Depreciation

A recent report by Hass Consult has revealed that landlords in Kenya, particularly in Nairobi, were able to make significant profits from property sales and rent, despite the weakening of the Shilling. The report, spa…

Feb 5, 2024
Kenya's Commercial Real Estate Faces Challenges Amidst Residential Growth
Real Estate

Kenya's Commercial Real Estate Faces Challenges Amidst Residential Growth

Kenya's commercial real estate market faces ongoing challenges as the value of approved non-residential buildings in Nairobi County remains below pre-pandemic levels. According to the Kenya National Bureau of Statisti…

Jan 31, 2024
Trends and Challenges in Kenya's Short-Term Rental Market
Real Estate

Trends and Challenges in Kenya's Short-Term Rental Market

All investors who are involved in the 'Airbnb' business in Nairobi, and soon in other parts of the country, will now have to undergo a process of business registration. Afterwards, the individuals must submit the requ…

Jan 24, 2024
Landlords in Nairobi Feel the Impact of Vacant Office Space
Real Estate

Landlords in Nairobi Feel the Impact of Vacant Office Space

According to a report from Knight Frank, companies are not showing interest in renting office space despite rent prices remaining constant. The report states that in the second half of 2023, the percentage of office o…

Jan 17, 2024
Nakuru's Bondeni Slum Set for Transformation with Affordable Housing
Real Estate

Nakuru's Bondeni Slum Set for Transformation with Affordable Housing

For years, the Bondeni slum and surrounding neighbourhoods in Nakuru City have struggled with crime, substandard housing and frequent flooding due to inadequate drainage. The dilapidated structures, overpopulation, an…

Jan 17, 2024
Tips for Hosts to Mitigate Legal Risks in Airbnb Property Management
Real Estate

Tips for Hosts to Mitigate Legal Risks in Airbnb Property Management

Renting out cars and homes for short periods can be a lucrative way for asset owners to make money. However, there are risks involved in renting out your property for short stays as well. In Kenya, a devastating incid…

Jan 14, 2024
Government Invites Kenyans to Own Homes with Ksh16,000 Monthly Rent in Nakuru
Real Estate

Government Invites Kenyans to Own Homes with Ksh16,000 Monthly Rent in Nakuru

The completion of Affordable Housing units in the Bondeni area of Nakuru County has been announced by the Ministry of Lands. The opportunity to acquire these units is now available to Kenyans. There are two options to…

Jan 9, 2024
Navigating Real Estate for Wealth Creation
Real Estate

Navigating Real Estate for Wealth Creation

Real estate investment is just one of the many avenues through which you can accumulate wealth. The accumulation of wealth is made possible through the concept of compounding, where one invests money intending to gene…

Jan 6, 2024
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