REAL ESTATE NEWS

Kenyan landlords are pushing for a plan that seeks to have rent defaulters listed with credit reference bureaus (CRBs). The Urban Landlords and Tenants Association of Kenya (ULTAK) is seeking the Central Bank of Kenya's authority to implement the proposal. If CBK approves the request, landlords…

Kenyans in the diaspora and wealthy local executives have purchased 86 units off-plan in an upcoming residential development in one of Nairobi's upmarket estates. The units are under the Sh4.5 billion Purple Haze residential development in Kilimani, Nairobi. The developer, Edifice Limited says the…

Gatundu South Member of Parliament Moses Kuria has appeared to poke holes at one of President Kenyatta's big four agenda. In a post on social media, Kuria has indirectly suggested that Kenyatta's affordable housing project in unrealistic and unachievable within the set period. Under the low-cost…

The government will from March 1st, 2019 begin deducting 1.5 percent housing levy from all Kenyan workers in the public and private sectors. Cabinet Secretary for Infrastructure James Macharia says this is after workers’ union and employers agreed to withdraw court cases that sought to block the…

The United Nations Office for Project Services (UNOPOS) has set aside Sh1 billion to help Kenya construct 100,000 low-cost housing units. Unops Executive Director Grete Faremo says the Sh1 billion is the seed funding aimed at wooing other development partners to chip into the project. Faremo says…

President Kenyatta has defended the proposed 1.5 percent levy deducted from the salaries of every Kenyan employee to go towards funding the affordable housing project. President Kenyatta says Kenyans should view the levy as a way of saving rather than a tax even as he assured workers that the cash…

A boda-boda operators' self-help group based in Nakuru has shared its success story on how it transformed into a multi-million-shilling housing cooperative from a weekly saving of just Sh100 per member. In 2015, a team of ten boda-boda riders from Barut, Nakuru West Constituency formed Kianjahi…

Kenyan workers have protested the planned deduction of 1.5 percent of their salaries to fund President Kenyatta’s affordable housing plan beginning January 2019. The Central Organisation of Trade Unions (Cotu) and the Kenya National Union of Teachers (Knut) have vowed to reject the plan until clear…

The groundbreaking ceremony for construction of 500,000 affordable housing units will be held in a week's time, President Kenyatta has announced. Kenyatta says the launch comes after Members of Parliament approved the establishment of Kenya Housing Development Fund, which will be the anchor fund…

The multi-million-shilling Grand Manor Hotel located in Nairobi's Gigiri area is set to be demolished following court orders. In a ruling, the High Court says the hotel owned by Nairobi billionaire Praful Kumar poses a threat to the adjacent United Nations offices and the United States Embassy…