REAL ESTATE NEWS

A newly released report has named the top estates to invest on apartments in the Kenyan  capital, Nairobi and surrounding areas. The Nairobi Metropolitan Area Residential Report 2017/2018 released by Cytonn Investments listed Kilimani, Westlands and Thindigua as the three most profitable…

The Kenya Revenue Authority (KRA) is now going for house owners who have not been filing tax returns from their rental income. In its latest crackdown on tax cheats, the taxman has asked developers to supply it with information on customers who purchased houses from them. KRA said it had…

The Machakos High Court has blocked the Water Resources Authority (WARMA) from demolishing houses within the posh Greenpark Estate in Athi River until a case filed before it is heard and determined. The agency had issued a demolition notice for several multi-million shilling palatial homes located…

President Uhuru Kenyatta's administration has kick started plans to construct 500,000 affordable houses by 2022 under the Big Four agenda. Key features to be considered in the construction of the cheap houses include an open space, smart technology, safety and security. The estates will have among…

National Treasury Cabinet Secretary Henry Rotich has announced plans by the government to set up a fund to raise money for financing the construction of affordable housing units across the country. Dubbed the National Social Housing Development Fund, the CS said cash collected through the program…

More than 700 condemned buildings in Nairobi are set to be brought down in the ongoing demolishing exercise that will run for the next few months, Governor Mike Sonko has said. In a statement issued after the collapse of a five-storey building in Nairobi's Huruma Estate on Sunday morning, the…

50,000 residents of Eastlands area in Nairobi are set to be issued with title deeds by the government on Wednesday. Speaking on Monday, Nairobi County Lands executive Charles Kerich said the documents are ready and will be issued by President Kenyatta and Nairobi Governor Mike Sonko on Wednesday. “…

A new real estate report has named Karen as the place that offers the cheapest prices for land and property among Nairobi's posh estates. The report indicates that Karen estate offers the cheapest prices for an acre of land compared to other high-end estates in the Kenyan capital. Cytonn…

A latest report by investment firm, Cytonn has listed areas within and around Nairobi metropolitan where one can buy land at cheaper prices. Cytonn named Athi River as the area wit the cheapest land in Nairobi, while land prices in the Central Business District (CBD) and Upper Hill remain the…

Kiambu county has been ranked the best place to own property after land prices in the area located west of Nairobi, rose the fastest in the past one year. Likewise, land costs in the city of Kisumu also shot upwards in the same period to record the biggest increase, a newly released industry data…