News

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...

September 22, 2020

Kenyan mall owners count huge losses as rents fall, tenants quit

Prime residential rents and sales prices in Nairobi declined in the first half of 2019 amid a continued oversupply of high-end developments in some locations. With the ongoing supply glut of retail space, Kenyan mall...

September 22, 2020

Kenya seeks partners to build 33,000 affordable homes

The government of Kenya seeks partners to help in achieving its affordable housing Agenda. The government hopes to build 33, 336 houses for the low-income segment across the Country, part of their big plan of...

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