REAL ESTATE NEWS

The latest property index from HassConsult has brought some surprising news for those looking to buy a home in Kenya. The index reveals that there has been a significant drop in house and apartment prices in various estates, which is good news for many Kenyans who have been struggling with the…

A recent report by Hass Consult has revealed that landlords in Kenya, particularly in Nairobi, were able to make significant profits from property sales and rent, despite the weakening of the Shilling. The report, spanning the fourth quarter of 2023, discloses that all suburbs experienced increased…

Kenya's commercial real estate market faces ongoing challenges as the value of approved non-residential buildings in Nairobi County remains below pre-pandemic levels. According to the Kenya National Bureau of Statistics (KNBS), the value of these buildings was Sh31.5 billion in the 11 months ending…

All investors who are involved in the 'Airbnb' business in Nairobi, and soon in other parts of the country, will now have to undergo a process of business registration. Afterwards, the individuals must submit the required paperwork to the Tourism Regulatory Authority (TRA), which includes a lease…

According to a report from Knight Frank, companies are not showing interest in renting office space despite rent prices remaining constant. The report states that in the second half of 2023, the percentage of office occupancy dropped from 75% to 72%. This decrease is attributed to businesses being…

For years, the Bondeni slum and surrounding neighbourhoods in Nakuru City have struggled with crime, substandard housing and frequent flooding due to inadequate drainage. The dilapidated structures, overpopulation, and absence of fundamental facilities were characteristic of the informal…

Renting out cars and homes for short periods can be a lucrative way for asset owners to make money. However, there are risks involved in renting out your property for short stays as well. In Kenya, a devastating incident occurred where a young woman tragically lost her life while staying in a…

The completion of Affordable Housing units in the Bondeni area of Nakuru County has been announced by the Ministry of Lands. The opportunity to acquire these units is now available to Kenyans. There are two options to choose from: a two-bedroom or three-bedroom apartment. The price for a two-…

Real estate investment is just one of the many avenues through which you can accumulate wealth. The accumulation of wealth is made possible through the concept of compounding, where one invests money intending to generate profits from both the initial investment and the interest that accrues over…

Individuals in Nairobi who own apartments in blocks and share common areas within their units will be required to pay land rates to the county government from January 2024. The change is in line with the 2021 Sectional Properties Act which is currently in force. The rates to be levied will be…