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Real Estate

Kiambu Governor Ferdinand Waititu Embroiled in Ownership Dispute over Sh250 Million Prime Property in Nairobi CBD
Real Estate

Kiambu Governor Ferdinand Waititu Embroiled in Ownership Dispute over Sh250 Million Prime Property in Nairobi CBD

Kiambu Governor Ferdinand Waititu is at the centre of a dispute involving a Sh250 million prime property located in Nairobi's Central Business District with a city businessman. Waititu is said to have purchased the bu…

Sep 12, 2018
Gov't Revokes Nairobi's Airgate Mall's Title Deed Ahead of Planned Demolition
Real Estate

Gov't Revokes Nairobi's Airgate Mall's Title Deed Ahead of Planned Demolition

The government has revoked the title deed of a parcel of land where Airgate Centre, formerly Taj Mall stands on. The National Land Commission (NLC) ordered the shopping complex owner, Rameshchandra Gorasia to surrende…

Sep 4, 2018
Kiambu Governor Waititu's Sh250 Million Nairobi CBD Building That Landed His Wife in Trouble
Real Estate

Kiambu Governor Waititu's Sh250 Million Nairobi CBD Building That Landed His Wife in Trouble

Kiambu Governor Ferdinand Waititu has reportedly purchased a Sh250 million building located on a prime plot in Nairobi's Central Business District. The building is the one that landed Waititu's wife Susan Wangare in t…

Aug 16, 2018
Nairobi Governor Sonko Sends Home Official Who Approved Construction of Demolished South End Mall
Real Estate

Nairobi Governor Sonko Sends Home Official Who Approved Construction of Demolished South End Mall

Governor Mike Sonko has sent home a county officer alleged to have been behind the approval of two buildings constructed on riparian land in Nairobi. Sonko suspended John Ojwang, an official in the Urban Planning Depa…

Aug 14, 2018
Governor Hassan Joho to Launch Construction of Sh200 Billion Affordable Houses in Mombasa
Real Estate

Governor Hassan Joho to Launch Construction of Sh200 Billion Affordable Houses in Mombasa

The Mombasa County government is set to launch the construction of Sh200 billion affordable houses next month. Mombasa County Land, Housing and Physical Planning executive Edward Dzila Nyale said the low-cost housing…

Aug 1, 2018
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Sh50 Daily Savings Helps Kenyan Boda-boda Riders' Group Put Up Sh95 Million Housing Project
Real Estate

Sh50 Daily Savings Helps Kenyan Boda-boda Riders' Group Put Up Sh95 Million Housing Project

A group of Kenyan boda boda operators are putting up an ambitious Sh95 million housing project from Sh50 daily savings. Members of the Nanyuki Bodaboda Saving and Credit Society (NABOSA) are building the houses at Swe…

Jul 31, 2018
Kenyans Buying Houses to Enjoy 15% Tax Relief as President Uhuru Approves New Law
Real Estate

Kenyans Buying Houses to Enjoy 15% Tax Relief as President Uhuru Approves New Law

Kenyans looking to purchase houses can now have a smile on their faces after President Kenyatta approved law granting them a tax relief. On Wednesday, the President signed into law a Bill giving Kenyans buying houses…

Jul 18, 2018
Top Six Estates to Invest on Residential Apartments in Nairobi
Real Estate

Top Six Estates to Invest on Residential Apartments in Nairobi

A newly released report has named the top estates to invest on apartments in the Kenyan  capital, Nairobi and surrounding areas. The Nairobi Metropolitan Area Residential Report 2017/2018 released by Cytonn Investment…

Jul 10, 2018
KRA Goes for Rental House Owners in Its Latest Crackdown on Tax Cheats
Real Estate

KRA Goes for Rental House Owners in Its Latest Crackdown on Tax Cheats

The Kenya Revenue Authority (KRA) is now going for house owners who have not been filing tax returns from their rental income. In its latest crackdown on tax cheats, the taxman has asked developers to supply it with i…

Jul 6, 2018
Court Stops Demolition of Multi-Million Shilling Homes in Greenpark Estate, Athi River
Real Estate

Court Stops Demolition of Multi-Million Shilling Homes in Greenpark Estate, Athi River

The Machakos High Court has blocked the Water Resources Authority (WARMA) from demolishing houses within the posh Greenpark Estate in Athi River until a case filed before it is heard and determined. The agency had iss…

Jun 21, 2018
Inside President Kenyatta's Cheap Houses
Real Estate

Inside President Kenyatta's Cheap Houses

President Uhuru Kenyatta's administration has kick started plans to construct 500,000 affordable houses by 2022 under the Big Four agenda. Key features to be considered in the construction of the cheap houses include…

Jun 21, 2018
Kenyan Gov't to Make Monthly Deductions from All Employees' Salaries to Fund Construction of Cheap Houses
Real Estate

Kenyan Gov't to Make Monthly Deductions from All Employees' Salaries to Fund Construction of Cheap Houses

National Treasury Cabinet Secretary Henry Rotich has announced plans by the government to set up a fund to raise money for financing the construction of affordable housing units across the country. Dubbed the National…

Jun 14, 2018
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More Than 700 Unsafe Buildings to be Demolished in Nairobi
Real Estate

More Than 700 Unsafe Buildings to be Demolished in Nairobi

More than 700 condemned buildings in Nairobi are set to be brought down in the ongoing demolishing exercise that will run for the next few months, Governor Mike Sonko has said. In a statement issued after the collapse…

Jun 4, 2018
President Kenyatta to Issue 50,000 Title Deeds to Nairobi's Eastlands Residents
Real Estate

President Kenyatta to Issue 50,000 Title Deeds to Nairobi's Eastlands Residents

50,000 residents of Eastlands area in Nairobi are set to be issued with title deeds by the government on Wednesday. Speaking on Monday, Nairobi County Lands executive Charles Kerich said the documents are ready and wi…

May 28, 2018
Karen Named Most Affordable among Nairobi's Posh Estates
Real Estate

Karen Named Most Affordable among Nairobi's Posh Estates

A new real estate report has named Karen as the place that offers the cheapest prices for land and property among Nairobi's posh estates. The report indicates that Karen estate offers the cheapest prices for an acre o…

May 6, 2018
Where to Buy Cheap Land in Nairobi
Real Estate

Where to Buy Cheap Land in Nairobi

A latest report by investment firm, Cytonn has listed areas within and around Nairobi metropolitan where one can buy land at cheaper prices. Cytonn named Athi River as the area wit the cheapest land in Nairobi, while…

May 1, 2018
Kiambu Ranked the Best Place to Own Property in Kenya
Real Estate

Kiambu Ranked the Best Place to Own Property in Kenya

Kiambu county has been ranked the best place to own property after land prices in the area located west of Nairobi, rose the fastest in the past one year. Likewise, land costs in the city of Kisumu also shot upwards i…

Apr 25, 2018
Gov't to Put Up 30,000 Affordable Houses in Nairobi's Low-End Estates
Real Estate

Gov't to Put Up 30,000 Affordable Houses in Nairobi's Low-End Estates

The government is set to launch the construction of 30,000 new houses in Nairobi in a move expected to significantly reduce rent rates in the city’s middle- and low-end estates. 5,000 houses will be put up in Shauri M…

Apr 21, 2018
Gov't to Impose Taxes on Idle Land in Kenya
Real Estate

Gov't to Impose Taxes on Idle Land in Kenya

The Government through the Ministry of Lands has announced that it will introduce a new policy to impose taxes on idle land. However, the policy will take effect after both the Senate and the National Assembly adopt i…

Apr 13, 2018
Why Kenyan Banks are Reluctant to Lend Cash to Real Estate Developers
Real Estate

Why Kenyan Banks are Reluctant to Lend Cash to Real Estate Developers

It is emerging that commercial banks in Kenya are reluctant to lend cash to real estate developers. This is after it has become increasingly difficult for developers to offload new units, making it hard to service loa…

Apr 12, 2018
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