REAL ESTATE NEWS

The Kenyan real estate market has emerged as a compelling investment opportunity driven by significant growth in recent years. This trend contrasts with the lacklustre performance of traditional assets like government bonds and equities. Investing in Nairobi land in 2007 could have yielded returns…

Username Investment Limited announced on March 14 the appointment of Sarah Wahogo as its new Chief Executive Officer (CEO). This transition in leadership marks an exciting chapter for the company as it continues its journey towards excellence within the real estate industry. Sarah Wahogo has…

Kenya is poised to take a significant step towards a technologically advanced future with the development of Konza City, a planned smart city envisioned to surpass Nairobi in terms of urban development. Located approximately 70 kilometres from Nairobi, Konza City is meticulously designed to address…

The relentless pursuit of urban progress often presents a dilemma with the need for sustainable growth clashing with the pressures of rampant construction.  Nairobi, Kenya, exemplifies this complex struggle, grappling with the consequences of uncontrolled development. Recent discussions have…

The latest property index from HassConsult has brought some surprising news for those looking to buy a home in Kenya. The index reveals that there has been a significant drop in house and apartment prices in various estates, which is good news for many Kenyans who have been struggling with the…

A recent report by Hass Consult has revealed that landlords in Kenya, particularly in Nairobi, were able to make significant profits from property sales and rent, despite the weakening of the Shilling. The report, spanning the fourth quarter of 2023, discloses that all suburbs experienced increased…

Kenya's commercial real estate market faces ongoing challenges as the value of approved non-residential buildings in Nairobi County remains below pre-pandemic levels. According to the Kenya National Bureau of Statistics (KNBS), the value of these buildings was Sh31.5 billion in the 11 months ending…

All investors who are involved in the 'Airbnb' business in Nairobi, and soon in other parts of the country, will now have to undergo a process of business registration. Afterwards, the individuals must submit the required paperwork to the Tourism Regulatory Authority (TRA), which includes a lease…

According to a report from Knight Frank, companies are not showing interest in renting office space despite rent prices remaining constant. The report states that in the second half of 2023, the percentage of office occupancy dropped from 75% to 72%. This decrease is attributed to businesses being…

For years, the Bondeni slum and surrounding neighbourhoods in Nakuru City have struggled with crime, substandard housing and frequent flooding due to inadequate drainage. The dilapidated structures, overpopulation, and absence of fundamental facilities were characteristic of the informal…