REAL ESTATE NEWS
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Economic challenges are significantly impacting Kenya's property market, particularly in satellite towns surrounding Nairobi, as indicated by the latest Hass Land Price Index for the fourth quarter of 2024.
The report highlights a marked deceleration in land price growth, which registered a modest…
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Property prices in Nairobi and its surrounding areas experienced a notable increase of 5.2 percent in 2024, a significant rise from the 2.5 percent growth recorded the previous year.
This acceleration in market activity has been primarily attributed to a growing demand for standalone homes, which…
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A new study by the Kenya National Bureau of Statistics (KNBS), as part of the Kenya Housing Survey 2023-2024, reveals that flats and apartments constitute a staggering 77.1% of rental properties across Kenya.
Conducted by the National Statistician, this survey provides a comprehensive analysis of…
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Nairobi's hospitality sector has welcomed its latest luxurious offering with the grand opening of the Hyatt Regency, which commenced operations on Wednesday.
This new high-end hotel aims to attract an upscale global clientele with its spacious accommodations, large television screens, a spa, and a…
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In the final quarter of last year, Nairobi's real estate market underwent a notable shift, characterized by a decrease in rental prices across several suburban and satellite towns.
A report released by Hass Consult on January 22 reveals that prominent areas such as Karen, Kileleshwa, Muthaiga,…
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A substantial segment of the Kenyan population remains largely uninformed about the government's Affordable Housing Programme (AHP), despite considerable promotional efforts.
According to findings from the Kenya National Bureau of Statistics (KNBS), 46.4 percent of adults are unaware of the AHP,…
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The commercial real estate market in Kenya is experiencing a notable decline, particularly in the office space sector.
This is according to the 2024 Real Estate Survey by the Kenya National Bureau of Statistics. The data reveals that by the end of 2023, a staggering 34.4 percent of all office…
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GulfCap Real Estate has officially launched construction on the LV Marina, anticipated to become the largest mixed-use development in Kenya, situated in Kisumu.
With an estimated total investment of Sh120 billion, the project aims to redefine the urban landscape over the next six years, commencing…
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According to the recently released 2023-24 Real Estate Survey conducted by the Kenya National Bureau of Statistics (KNBS), a substantial portion of Kenya's real estate sector operates without adequate regulation.
The report, which surveyed the industry from March to May 2024, reveals that 47.1…
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Investors are witnessing substantial returns from large townhouses and maisonettes, as highlighted in a recent report from the Kenya National Bureau of Statistics (KNBS) for 2023/2024.
Among residential properties, two-bedroom townhouses yield an impressive 8.3% annually, while three-bedroom…
