REAL ESTATE NEWS

Kenya's real estate market is bracing for major changes as the Kenya Property Investors Association (KEPIA) raises alarms over an imminent rent crisis. The association forecasts a staggering 25% surge in rental prices, a direct consequence of the heightened tax burdens introduced in the proposed…

A novel project in Kenya is harnessing the potential of 3D printing technology to tackle the affordable housing challenge in Africa. Mvule Gardens, situated in Kilifi County, represents the continent's first large-scale initiative of its kind. This groundbreaking venture, spearheaded by a Swiss…

Kenya and the United Nations have signed a Memorandum of Understanding (MoU) to bolster the development of Konza Technopolis. Konza is a planned smart city located south of Nairobi. This agreement signifies a strategic partnership between Kenya and the UN aiming to leverage the expertise of various…

A recent report by Hass Land Price Index highlights the enduring profitability of land investment in Kenya. Property owners in Nairobi's surrounding satellite towns have witnessed remarkable growth in their holdings. The report indicates a staggering 11.79-fold increase in land value across…

The Nairobi County Government is implementing a multi-pronged approach to increase revenue generated from land rates. This initiative aims to bridge the financial gap required for smooth county operations. According to the Nairobi City County Fiscal Strategy paper for 2023, the county seeks to…

A proposal by Nairobi Governor Johnson Sakaja to allow the construction of skyscrapers in various parts of the city has ignited controversy. More than 26 professional and resident associations have emerged in opposition, citing legal and environmental concerns. These groups argue that the Governor'…

The Kenyan real estate market has emerged as a compelling investment opportunity driven by significant growth in recent years. This trend contrasts with the lacklustre performance of traditional assets like government bonds and equities. Investing in Nairobi land in 2007 could have yielded returns…

Username Investment Limited announced on March 14 the appointment of Sarah Wahogo as its new Chief Executive Officer (CEO). This transition in leadership marks an exciting chapter for the company as it continues its journey towards excellence within the real estate industry. Sarah Wahogo has…

Kenya is poised to take a significant step towards a technologically advanced future with the development of Konza City, a planned smart city envisioned to surpass Nairobi in terms of urban development. Located approximately 70 kilometres from Nairobi, Konza City is meticulously designed to address…

The relentless pursuit of urban progress often presents a dilemma with the need for sustainable growth clashing with the pressures of rampant construction.  Nairobi, Kenya, exemplifies this complex struggle, grappling with the consequences of uncontrolled development. Recent discussions have…