REAL ESTATE NEWS

Renting out cars and homes for short periods can be a lucrative way for asset owners to make money. However, there are risks involved in renting out your property for short stays as well. In Kenya, a devastating incident occurred where a young woman tragically lost her life while staying in a…

The completion of Affordable Housing units in the Bondeni area of Nakuru County has been announced by the Ministry of Lands. The opportunity to acquire these units is now available to Kenyans. There are two options to choose from: a two-bedroom or three-bedroom apartment. The price for a two-…

Real estate investment is just one of the many avenues through which you can accumulate wealth. The accumulation of wealth is made possible through the concept of compounding, where one invests money intending to generate profits from both the initial investment and the interest that accrues over…

Individuals in Nairobi who own apartments in blocks and share common areas within their units will be required to pay land rates to the county government from January 2024. The change is in line with the 2021 Sectional Properties Act which is currently in force. The rates to be levied will be…

In 2023, the real estate industry witnessed a significant transformation as property owners grappled with the new life choices made by their clients. Many Kenyans were forced to adjust and conform to the changing economic circumstances, with the rental sector being particularly affected. It was…

While enjoying her vacation in Kenya, Carey Njeri, a resident of Los Angeles, stumbled upon an intriguing billboard advertising a property in Malindi. Ms Njeri found solace in the tranquil confines of a gated community, making her one of the growing number of Kenyan diaspora investors embracing the…

Airbnb has made a significant impact on the Kenyan rental market, revolutionizing the way people find short-term accommodations from Nairobi to Watamu, Kisumu to Maasi Mara, and everywhere in between. In response to the housing crisis in 2008, the founders of Airbnb encountered difficulties in…

Kenya's real estate sector has experienced unprecedented growth, surpassing other industries like manufacturing, services, and agriculture. Real estate has become the top pick for investors surpassing once-favored investments like equities. Based on findings, about 40% of wealthy Kenyan investors…

Deputy President Rigathi Gachagua has called upon Indian companies to assist the Kenya Kwanza administration in implementing its development projects. Speaking on Wednesday, The Deputy President urged investors to support President William Ruto's affordable housing project. This appeal was made…

Residents of the upscale Peponi View Apartments have been given a week to vacate their homes or face potential damage caused by structural cracks. The issue came to light after a 31-second video went viral on social media, drawing attention to the houses at risk of collapse due to excavation work…