REAL ESTATE NEWS
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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…
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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…
