REAL ESTATE NEWS
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Once a prestigious neighbourhood along Jogoo Road, Kaloleni estate has seen a drastic decline over recent decades.
The area, which was once home to notable figures such as independence hero Tom Mboya, first Vice President Jaramogi Oginga Odinga, and former Ugandan President Milton Obote, garnered a…
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The National Construction Authority (NCA) of Kenya has issued a strong warning to property developers regarding unauthorized building extensions.
During an address on NTV, Executive Director Maurice Akech affirmed the legal ramifications of adding floors to occupied buildings without proper tenant…
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Kenya is making huge strides towards achieving provisional signatory status under the Washington Accord, a development that could transform the nation's engineering education landscape.
Success in this endeavour would enhance the global standing of Kenyan engineering graduates, granting them…
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Kenya’s prime office occupancy rate has experienced a significant decline, falling from 77.2 percent in the first half of 2024 to 72.7 percent in the latter half.
This is as highlighted in the latest report by Knight Frank Kenya. This decrease is largely attributed to the influx of new office space…
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The Nairobi Environment and Land Court has imposed a 16-floor maximum height limit on high-rise developments in Kileleshwa and adjacent areas, effectively nullifying many previously granted permits for taller structures.
This ruling, delivered by Justice Oscar Angote, highlights a violation of…
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The ILAM Consumer Spending Index for the last quarter of 2024 indicates a notable income boost for employees in the real estate sector, even as the economy grapples with stagnation and falling incomes across various industries.
According to research conducted by ICEA LION Asset Management, 22…
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Flood risk in real estate refers to the potential for flooding to affect a property's physical condition, usability, insurability, and overall market value.
Diligent investors typically conduct a range of assessments to gauge a property’s worth; this includes registry checks, title verifications,…
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A recent collaborative study conducted by the African Population and Health Research Centre and Drexel University has revealed alarming trends in spinal cord injuries (SCI) among labourers in Kenya's rapidly expanding construction sector.
Focusing on cases from 2016 to 2020 at three major hospitals…
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Dr. Chrispus Wachira's ambitious real estate venture in Kajiado is reshaping the local housing landscape.
Invested in over 40 acres in Kiserian, 17 kilometres from town and 48 kilometres from Nairobi, Dr Wachira is set to launch a 259-unit development featuring bungalows and maisonettes. Initially…
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Recent data from the Kenya National Bureau of Statistics (KNBS) indicates that the real estate sector in Kenya has made a remarkable contribution to the national economy, with a 33.7 percent increase in its GDP contribution between 2023 and 2024.
This upward trajectory highlights the sector's…
