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Real Estate

Race for Karen, Muthaiga, Rosslyn Homes Heats up
Real Estate

Race for Karen, Muthaiga, Rosslyn Homes Heats up

Wealthier Kenyans are selling their large homes in Nairobi's Karen and searching for smaller, quieter spaces as their children leave home. According to real estate experts, the elderly are currently seeking cosier liv…

Sep 20, 2023
Username Investments Feted As a Starbrand in East Africa
Real Estate

Username Investments Feted As a Starbrand in East Africa

Username Investment Ltd.,the leading real estate company in Kenya has been feted as a top Real Estate Land Seller at Starbrands East Africa Awards 2023-2024 Edition. The award ceremony has taken place at Safari Park H…

Apr 21, 2023
Gov't and Gulf Cap Africa Ink Sh13 Billion Deal for Construction of 6,700 Affordable Houses in Starehe
Real Estate

Gov't and Gulf Cap Africa Ink Sh13 Billion Deal for Construction of 6,700 Affordable Houses in Starehe

The State Department of Housing and Urban Development and investment company Gulf Cap Africa Limited on Monday inked a Sh13 billion deal for the construction of 6,704 affordable housing units in Starehe, Nairobi. The…

Mar 6, 2023
Land-buying Companies in Kenya to Pay a Sh500 Million License Fee in Proposed Law
Real Estate

Land-buying Companies in Kenya to Pay a Sh500 Million License Fee in Proposed Law

Kirinyaga Central MP Joseph Gitari has drafted a new bill that seeks to compel land-buying companies to deposit Sh500 million as license fees before they are cleared for registration. The proposed law seeks to establi…

Mar 6, 2023
Why Most Real Estate Investors Are Rushing to Kisumu City
Real Estate

Why Most Real Estate Investors Are Rushing to Kisumu City

Since the beginning of the year, Kisumu City has been making headlines as a top area for real estate investments. Most Kenyans in diaspora have been asking about Kisumu and whether they should invest in Kisumu propert…

Mar 6, 2023
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Gov’t Secures 3,900 Acres of Land for Affordable Housing Project
Real Estate

Gov’t Secures 3,900 Acres of Land for Affordable Housing Project

President Ruto says at least 3,900 acres of land have been secured for the construction of affordable houses across the country. The president indicated that 39 counties have also agreed to partner with the national g…

Jan 28, 2023
Mwalimu Sacco to Subdivide 14-Hectare Prime Land in Juja for Sale to Members and Public
Real Estate

Mwalimu Sacco to Subdivide 14-Hectare Prime Land in Juja for Sale to Members and Public

Mwalimu National Sacco has announced it will subdivide its two 14-hectare parcels of land in Juja for sale to its members and the public. This comes after the Sacco’s preferred single large buyers failed to offer the…

Jan 26, 2023
Real Estate Company Lesedi Denies Swindling Investors of over Sh1 Billion
Real Estate

Real Estate Company Lesedi Denies Swindling Investors of over Sh1 Billion

Real estate company Lesedi Developers has issued a statement following reports that it swindled investors over 1 billion shillings. Lesedi founding director Geoffrey Kiragu terms the fraud allegations against the comp…

Jan 12, 2023
Cytonn Managers Summoned by MPs Amid Row with Investors Over Kiambu Road Housing Project
Real Estate

Cytonn Managers Summoned by MPs Amid Row with Investors Over Kiambu Road Housing Project

The management of Cytonn Investments has been summoned by the National Assembly Public Petitions Committee over a Sh7.8 million-a-unit housing project on Kiambu Road. This comes after some investors petitioned Parliam…

Jan 2, 2023
Username Investments Awards Employee of the Year with a Brand New Mercedes Benz
Real Estate

Username Investments Awards Employee of the Year with a Brand New Mercedes Benz

There was grand jubilation and celebration as Username Investments awarded Employee of the Year with a brand new car; a Mercedes Benz C class, for recording an outstanding performance in the past financial year. The g…

Oct 30, 2022
Username Investments Bags Two Trophies at the Coveted Brand of the Year Awards (BOYA)
Real Estate

Username Investments Bags Two Trophies at the Coveted Brand of the Year Awards (BOYA)

It's another win for Username Investment Ltd. as the leading real estate company bags the Most Trusted and Reliable Land Selling Brand in Kenya Award during Brand of the Year Awards held at Radisson Blu Hotel, Nairobi…

Oct 11, 2022
Gachagua's Company Embroiled in a Tussle over Ownership of Sh1.5 Billion Land in Nairobi
Real Estate

Gachagua's Company Embroiled in a Tussle over Ownership of Sh1.5 Billion Land in Nairobi

A company linked to Mathira MP Rigathi Gachagua is embroiled in a tussle over the ownership of a piece of land in Nairobi valued at Sh1.5 billion. Wamunyoro Investment Ltd has filed a case at Milimani law courts seeki…

Jul 21, 2022
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Kenyans to Turn to the UK to Buy Houses for Renting Out
Real Estate

Kenyans to Turn to the UK to Buy Houses for Renting Out

The UK has emerged as a preferred investment destination for Kenya’s middle-class and the ultra-rich, who are buying houses for renting out. Kenyan buyers are spending an average of £210,000 (Sh30.7 million) on a hous…

May 29, 2022
President Uhuru's Cousin Loses a Court Battle for Sh3 Billion Coffee Estate
Real Estate

President Uhuru's Cousin Loses a Court Battle for Sh3 Billion Coffee Estate

President Kenyatta's cousin Ngengi Muigai has lost a court battle for a 443-acre coffee estate in Kiambu county that was auctioned by Kenya Commercial Bank (KCB). The bank auctioned Muigai’s Muiri Coffee Estate to Bid…

May 20, 2022
Equity Bank Gets Court’s Nod to Auction Houses at Fourways Junction Estate
Real Estate

Equity Bank Gets Court’s Nod to Auction Houses at Fourways Junction Estate

Equity Bank has received a green light to sell mansions belonging to Muga Developers to recover its loan. A three-judge bench of the Appeals Court ruled that Equity Bank is a reputable lender and the developer can sti…

Apr 3, 2022
Court Orders Developer of Phenom Park Estate in Lang’ata to Filter Water for Residents
Real Estate

Court Orders Developer of Phenom Park Estate in Lang’ata to Filter Water for Residents

A Nairobi court has ordered the developer of Phenom Park Estate in Lang’ata to set up water purification systems for residents. Justice James Makau issued the order after homeowners moved to court complaining that wat…

Mar 8, 2022
Sh5.5 Billion Gated Estate for Nairobi US Embassy Workers to be Completed by May
Real Estate

Sh5.5 Billion Gated Estate for Nairobi US Embassy Workers to be Completed by May

The construction of a 90-unit gated estate that is set to be occupied by personnel attached to the US Embassy in Nairobi will be completed by May, according to the developer. The American Embassy signed an eight-year…

Mar 2, 2022
Gov’t Warns Kenyans of Fraudsters Illegally Selling Houses in Mavoko
Real Estate

Gov’t Warns Kenyans of Fraudsters Illegally Selling Houses in Mavoko

The government has warned Kenyans against falling victims to fraudsters who are selling houses under the slum upgrading project in Mavoko, Machakos County. Housing Principal Secretary Charles Hinga in a notice said th…

Feb 6, 2022
Kenya Government Hikes Rent for State-Owned Residential Houses
Real Estate

Kenya Government Hikes Rent for State-Owned Residential Houses

The government has announced a 10 percent increase in rental charges for all State-owned residential houses.  The State Department of Housing says the hike, which mainly affects civil servants residing in government h…

Jan 26, 2022
US Embassy in Nairobi to Lease a Sh5.5 Billion Gated Estate for its Employees
Real Estate

US Embassy in Nairobi to Lease a Sh5.5 Billion Gated Estate for its Employees

The US Embassy in Nairobi has signed an eight-year deal to lease a gated estate for its workers in the Kenyan capital. The 90-unit estate christened OBO Kenya Diplomatic Housing is currently under construction in the…

Jan 4, 2022
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