REAL ESTATE NEWS
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The Kenyan government has proposed to cap interest rates on defaulted property rates.
The proposed amendment to the National Rating Bill of 2022 would align the maximum interest charged with the Central Bank of Kenya's (CBK) lending rate, currently established at 12 per cent. The existing…
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A recent report by the Kenya Institute for Public Policy Research and Analysis (Kippra) has revealed that mobile money usage is most prevalent in Kenya's construction industry.
The research shows that 66.7% of those in the construction industry use mobile money, the highest among the six sectors…
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Purple Dot, a prominent residential and commercial property developer, has embarked on an ambitious project in Nairobi's affluent Lang'ata neighborhood.
The new development, named Marigold II, features 89 upscale units targeted at the city's wealthy and expatriate population. Marigold II boasts a…
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The Kenya Institute for Public Policy Research and Analysis (KIPPRA) has revealed that the construction sector has emerged as the most vibrant sub-sector in Kenya's arid and semi-arid counties.
This growth can be attributed to rapid urbanization and increased development allocations by devolved…
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The Kenyan real estate sector is experiencing the consequences of political instability, with developers and investors expressing worries about the risks associated with frequent election cycles.
The current political climate, marked by contentious debates over term limit extensions and the…
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Kenya's real estate sector has encountered substantial headwinds during the recent two-year period, particularly evidenced by diminishing demand for detached and semi-detached properties.
According to the Kenya Financial Sector Stability Report 2023, published by the Central Bank of Kenya in…
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As the festive season approaches, Airbnb accommodations in Nakuru City are experiencing heightened demand prompting property owners to enhance their security protocols.
The western tourism circuit, encompassing attractions like the Menengai Crater, Lake Nakuru National Park, and the Maasai Mara…
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The Telposta Pension Scheme has initiated the eviction of approximately 100 former Telkom Kenya employees from its properties along Jogoo Road in Nairobi, concluding a two-decade-long dispute over a Sh700 million property.
The eviction follows a final judgment issued by the High Court on October 17…
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The prestigious Big 5 Construct Kenya exhibition will return to Nairobi's Sarit Expo Centre from November 6 to 8, 2024, showcasing the latest developments in Kenya's burgeoning construction industry.
The event is expected to draw more than 150 exhibitors and 8,500 industry professionals from across…
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Jabavu Village, a subsidiary of the Hass Petroleum Group, has found itself embroiled in controversy over its management of an affordable housing initiative in Nairobi.
The real estate firm has drawn significant attention for leveraging land designated for affordable housing to obtain a Sh1.9…
