Uncategorized - Page 17 of 34

September 22, 2020

Serviced apartments on the rise in Nairobi

Serviced apartments are becoming a trend in the real estate sector in Nairobi. Over the years Kenya’s capital city has recorded an upsurge of serviced apartments. As more Developers are keen on investing funds into...

September 22, 2020

NIB declares Everest Park Homes safe for occupation

The National Building Inspectorate (NBI) in Kenya has cleared two blocks in Athi River’s Everest Park Apartments Phase 1, that were declared unfit for occupation. The homeowners at the Sh912 million Everest Park were given...

September 22, 2020

Nairobi County approves Sh6.5 billion Mi Vida housing project

Shapoorji Pallonji Real Estate (SPRE), the real estate arm of one of India’s largest conglomerates building the project Mi vida entered the Kenyan market with plans to build a multi-billion shilling estate in Nairobi. Mi...

September 22, 2020

Actis sell Sh46 million Garden City Villas in Nairobi

Owning a property either in the city of Nairobi or any city in Kenya is considered as one of the greatest signs of success in Africa. Kenya’s super-rich is buying more luxury homes in the...

September 22, 2020

Growth Potential and Economic Impact of the Real Estate Sector

The dream of homeownership in Kenya’s satellite towns has been hindered by high housing prices, leaving many aspiring homeowners struggling to afford a property. However, there has been a noticeable shift in market trends, with...

September 22, 2020

Property developers target student housing development in Kenya

The Booming Business of Student Housing in Kenya Student housing in Kenya has become a lucrative business due to high returns, driven by population growth and increased demand for higher education. Despite campus expansions, universities...

September 22, 2020

Need for the government of Kenya to digitize its property portfolio

In Kenya, recent information from the Ministry of Land and Physical Planning in the government of Kenya has it that the number of registered properties is now over 10 million. This is quite a large...

September 22, 2020

Kenyan Banks descend on Real Estate sector as investors default on loans

Real estate investors are now among the biggest loan defaulters, thus revealing a diminishing property boom in the real estate sector. Most property developers are unable to service their debts due to the declining number...

September 22, 2020

Kenyan real estate growth slows down in five years

Kenya’s real estate market’s growth is cooling rapidly, amidst falling demand caused by constrained credit access, coupled with the continued oversupply of high-end property developments. The real estate in the country has seen several changes...

September 22, 2020

Nachu discontinues it’s housing project member contribution fall

Members of the National Cooperative Housing Union (Nachu) have no reason to smile following the discontinuation for their housing project that was being implemented by the SACCO. This decision was necessary after reduced contributions and...