REAL ESTATE NEWS

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The government of Kenya has officially launched the sale of 4,888 newly completed Affordable Housing Units across 17 counties. This initiative is an important component of the government’s strategy to ensure accessible housing for all Kenyans, with Kiambu County leading the distribution with 1,027…
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Nairobi's ambition to evolve into a modern smart city is increasingly bolstered by the proactive involvement of resident associations. This is according to Dr. Julius Kipng’etich, Group CEO of Jubilee Holdings Ltd. Speaking at the 6th Annual Resident Associations Excellence Awards (ARAEA),…
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A newly released report by the Architectural Association of Kenya (AAK) has raised concerns regarding the structural safety of buildings nationwide. According to the findings, less than half of the 1,333 buildings inspected during the 2023/24 financial year met essential safety standards. This…
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Kenya’s construction sector experienced a notable slowdown in growth during 2023, as reported in the 2024 Economic Survey released by the Kenya National Bureau of Statistics (KNBS). The sector's growth decelerated to 3%, down from 4.1% in the previous year. However, notable advancements were…
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Despite the Kenyan government’s substantial commitment to expanding affordable housing, the initiative faces challenges in gaining public support. A recent analysis from the 2024 FinAccess Household Survey indicates that education remains the foremost priority for the majority of Kenyans, with…
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Concerns are mounting within Kenya's building and construction industry as stakeholders unite against a proposed 35 per cent excise duty on essential materials such as tiles, sinks, and toilets. This initiative, part of the Tax Laws (Amendment) Bill 2024, has ignited debate with industry…
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The traditional migration pattern in Kenya has long been characterized by a steady movement from rural to urban centres, driven by aspirations for economic advancement and better opportunities. However, a major shift is now emerging with urban residents increasingly gravitating towards rural…
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The residents of Woodley Estate in Nairobi are mounting an urgent international campaign against what they characterize as illegal and brutal home demolitions. They are seeking intervention from global humanitarian and judicial institutions. In a comprehensive appeal addressed to the United Nations…
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Kenya's Housing Secretary Said Athman has lauded the private sector's instrumental role in addressing the nation's acute housing shortage. Speaking at Thursday's inauguration of Binaa, the country's pioneering comprehensive building and home finishing solutions hub, Athman emphasized how private…
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In real estate development, cost-cutting measures can often lead to catastrophic consequences, including structural failures and potential loss of human life. Charles Ayoro, Managing Director of Real Estate Associates Ltd, provides critical insights into constructing homes that balance economic…