REAL ESTATE NEWS

The High Court has ordered the late Kenyan Cabinet Minister Paul Mbiyu Koinange’s multi-billion-shilling estate be shared equally among 12 beneficiaries The ruling delivered by Justice Aggrey Muchelule on Thursday, May 7th, ended the 40-year-old fight for the property left behind by Koinanage.…

Another considerate Kenyan landlord has waived rent charges for his tenants due to the economic hardships brought about by the Covid-19 pandemic. Godfrey Juma, who owns a residential property in Mombasa city, asked his tenants not to pay rent for the month of May thus foregoing nearly Sh100,000 in…

Embattled Nairobi Governor Mike Sonko could find himself in fresh trouble after Ethics and Anti-Corruption Commission (EACC) opened a probe into how he acquired a prime piece of land in Nairobi.  Sonko is said to have purchased the property located in Upper Hill for Sh498.5 million through a…

Several homebuyers are set to sue Kenyan real estate company, Banda Homes after it failed to deliver housing projects launched two years ago despite receiving payments amounting to Sh4 billion. The buyers, including Kenyans in the US and other foreign countries, paid Sh3.9 million each for the…

A Nairobi court has ordered the government to pay Kenyan tycoon Mike Maina Kamau Sh859 million as compensation for his demolished house. Justice John Mativo made the directive after Maina moved to court seeking to have the Ministry of Transport and the office of the Attorney-General compelled to…

The landlords and tenants’ association of Kenya (LATAK) has directed Kenyans not to pay their rent due to the financial difficulties occasioned by the Covid-19 pandemic. In a media briefing on Wednesday, the union’s secretary-general Ben Liyai argued that the pandemic has led to the closure of many…

President Kenyatta has appealed to Kenyan landlords to waiver or reduce rent charges for their tenants due to the financial crisis occasioned by the coronavirus pandemic. Uhuru, who addressed the nation from State House on Monday, urged property owners to emulate their colleagues who voluntarily…

Another Kenyan landlord has put smiles on the faces of his tenants after he waived rent due to the coronavirus pandemic. Justus Eleman, who owns a residential property in Lodwar town in Turkana County, asked his tenants not to pay April’s rent and instead use the money to buy food for their…

The Landlords and Tenants Association of Kenya (LATAK) has called for a three-month rent waiver due to the financial challenges posed by the coronavirus pandemic. Speaking during a media briefing on Wednesday, the association’s officials asked the government to order all landlords to waiver rent…

7.3 million out of the 46.7 million Kenyans are homeowners, according to the final report of the 2019 Population Census. Out of the total 7,379,485 homeowners, 6,387,020 of them own houses in rural areas while those with homes in urban areas are 992,465. The report shows that a total of 4,660,027…