REAL ESTATE NEWS

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The 88 Nairobi Condominium apartments will cost up to Sh480,000 a month to rent. The 44-storey apartments tower to be located in Nairobi’s Upper Hill area will be among the tallest residential skyscrapers in the region on completion. Buyers will have to fork out Sh11.5 million and Sh35 million for…
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An upcoming exclusive upmarket estate by Tatu City within its 5,000-acre land in Kiambu county is expected to rival renown Nairobi’s posh neighborhoods such as Muthaiga and Karen. The proposed project has been assigned a code name - low density area - to signify exclusivity for a few super rich…
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The family of the late Nyeri governor Nderitu Gachagua has lost a prime parcel of land after National Land Commission (NLC) revoked its title deed. The revocation of the title for the 1.2 acre piece of land located in Nairobi's Lang’ata estate and believed to be worth more than Sh1 billion opens up…
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Earnings on investment for residential property is expected to reduce by 3.2 percent this year on reduced demand as a result of uncertainty surrounding the August 8th general elections. A report prepared by Cytonn Real Estate predicts an average total returns of 9.4 per cent compared to 12.6 per…
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Details of how a property firm used well calculated tactics to defraud million of shilling from unsuspecting Kenyans, with a promise of huge profits have been unearthed. Armed with a team of aggressive salespersons and endorsement by a popular radio presenter, Property Reality Company (PRC)…
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When the government relocated hundreds of people from slums to newly state-built units in a slum upgrade program, many viewed it as a journey from Egypt to Canaan. The smiles on their faces when they received the keys to their new houses told a story of an exodus from Egypt to Canaan, similar to…
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Land Cartels are now taking advantage of hundreds of Kenyans whose land leases have either expired or are about to expire. The cartels are banking on the unsuspecting Kenyans to snatch the valued asset from them. Since the Land Act, Land Registration Act, National Land Commission Act and Community…
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The construction of what will be Africa's tallest sky scrapper has started in Nairobi's Upper Hill area. The behemoth named "The Pinnacle" was recently launched by President Uhuru Kenyatta who laid the foundation stone for the structure, that will make Nairobi the home of tallest structure in the…
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Members of 35 Kenyan Savings and Credit Co-operative Societies (Saccos) will now get access to interest-free mortgages loans after the Saccos launched a special scheme targeting those seeking to own houses. Dubbed the Africa Tenancy Purchase Initiative, the scheme will have members of the…
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A Kenyan woman is embroiled in a court tussle with her estranged Australian lover as she seeks her share of a Sh100 million estate located in Diani, Kwale County. Lucy Wanjiku Muku wants Karl Salzmann to give her a share of the property, which mainly comprises of holiday homes located at the second…