We dive in to have a snapshot of Kenya’s real estate. The top-end properties have seen a decline in the first quarter of 2020 due to the impact of the Covid 19, coronavirus. It is a field season for tenants and buyers.
A rough patch for developers as the top end of the residential property market continues to cool off with both rent and prices on a general decline for the first quarter of 2020 according to the latest report from real estate company CommercialKe.
Prime property prices in Nairobi declined by 1.8% in the first half of 2020 compared to the 0.4 per cent drop reported in the same period in 2018. In the same period, rent in the same segment of the market declined by 1.7 per cent compared to a 0.3% drop in the year earlier. The top end of the residential property market is facing oversupply which is pushing rent and prices downwards.
The prices have also been affected a lot by many investors and homeowners who are holding money back. people are uncertain and are not sure of what will happen in the next few months. For this reason, the middle-income earners have opted to hold money except for the essential services only.
For a smart investor, however, this would be the best time to buy as the prices are at their lowest and the negotiation power could even push the prices lower. this means that someone could buy now and then sell back when the economy returns to normal. As they say, when the market hits low, the only way is up. Check out top projects on offer on select Real Estate Development websites like Commercialke, and Commercial Property Kenya where they keep the property prices updated.
You can also call 0784448888 and talk to Kenneth Ikiara the CEO of the company. He will give you a previous of the market and insights on the properties which are on offer at the moment.

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Exquisite 4-Bedroom Smart Villas for Sale in Lavington
Nestled in the lush and serene neighborhood of Lavington, just off James Gichuru Road, this high-end...
Four Bedroom Villas in Lavington- Off James Gichuru Road
Lavington, Nairobi, Kenya
Ksh.167,000,000
Houses, Townhouses, bungalows & villas
City:
Lavington
5
700 m2
4

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Luxurious 4-Bedroom Smart Home for Sale in Lavington
These ultra-modern four-bedroom, all-ensuite smart townhouses in the heart of Lavington redefine high-e...
Four Bedroom Townhouses in Lavington-Jacaranda Avenue
Jacaranda Avenue, Nairobi, Kenya
Ksh.167,000,000
Houses, Townhouses, bungalows & villas
City:
Lavington
5
700 m2
4

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Riara Oasis – Luxury Apartments for Sale on Riara Road, Lavington, Nairobi
Riara Oasis is an exclusive 0.83-acre high-rise development located along the ser...
Riara Oasis Apartments on Riara Road, Lavington, Nairobi
Riara Road, Nairobi, Kenya
Ksh.6,000,000
Flats & Apartments
City:
Lavington
1
50 m2
1

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Luxurious 2-Bedroom Apartments for Sale in Lavington, Off Arwings Kodhek
Discover the perfect blend of elegance, comfort, and convenience with these premiu...
Two Bedroom Apartments behind Valley Arcade shopping Centre
Bernard Estate, Nairobi, Kenya
Ksh.18,000,000
Flats & Apartments
City:
Lavington
2
139.8 m2
2

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2-Bedroom Apartments for Sale – Lavington(ready to move in)
Located in the heart of Lavington, just 3 minutes from Junction Mall and close to Braeburn and R...
Two Bedroom Apartments close to Hatheru Road,Lavington
Kilimani, Nairobi, Kenya
Ksh.9,500,000
Flats & Apartments
City:
Lavington
2
91 m2
2