REAL ESTATE NEWS
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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…
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The National Construction Authority (NCA) in Kenya has announced a series of stringent measures designed to combat rogue contractors and unlicensed buildings, a significant move intended to enhance safety and compliance across the construction sector.
This initiative coincides with the rollout of…
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The recent wave of youth-led protests in Kenya, predominantly driven by Generation Z, has significantly impacted the nation’s economy, especially within the real estate sector.
These demonstrations, fueled by discontent over unemployment, economic disparity, and demands for social justice, have…
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As of 2022, more than 15 million Kenyans, representing approximately 29 percent of the nation's population, lived in urban areas.
Although this figure is relatively modest in comparison to other countries, it reflects a significant shift towards rural-urban migration, particularly among the youth…
