REAL ESTATE NEWS
0
The Kenyan luxury real estate market is experiencing a notable resurgence in 2024, following a period of dominance by the affordable housing sector.
While affordable housing initiatives have been at the forefront of discussions and policy measures in recent years, the high-end property market is…
0
The prime office rental market in Nairobi continues to underperform compared to other major African cities, despite a recent uptick in occupancy rates.
This trend is largely attributed to an oversupply of office space which has compelled developers to reduce rental prices to retain and attract…
2
A recent report reveals that more than half of the cement samples collected by the Kenya Bureau of Standards (Kebs) in a market survey failed to meet the required standards.
According to the findings, a mere 38.1% of cement samples collected during a surveillance operation in February 2022 met the…
2
Dubai's real estate market has emerged as a magnet for Kenyan investors seeking to diversify their portfolios and acquire luxury properties in one of the world's fastest-growing cities.
The emirate's promise of economic stability, coupled with its reputation for opulent living, has sparked a trend…
1
Kenya's property market is experiencing significant strain due to ongoing economic challenges with auctioneers increasingly seizing high-value assets across various sectors.
This trend is affecting even well-established businesses, highlighting the severity of the financial difficulties facing the…
0
The legal dispute between the directors of Kiambu-based real estate firm Willstone Homes Limited has escalated as the struggle for control over the company's bank accounts intensifies.
At the heart of the conflict is Sh839 million held in accounts at Stanbic Bank, part of the company's substantial…
1
Nairobi has distinguished itself as a frontrunner in Africa's rental market experiencing a substantial 28% increase in rental rates over the past three years.
This upward trajectory can be attributed to a confluence of factors that have reshaped the city's real estate landscape. The surge in demand…
0
The transformation of Utawala exemplifies the rapid urbanization occurring in Kenya's satellite towns.
Once a wild, uninhabited area frequented by hyenas, Utawala has evolved into a bustling neighbourhood over the past two decades. Canisius Makori, now 38, was among the early settlers who…
1
Homeowners and investors are at risk of losing their properties as financial institutions and banks take assertive measures to recover loans.
This surge in auctions has particularly affected areas like Kitengela which has emerged as the focal point of this trend. In Kitengela, several mansions,…
2
Nairobi has emerged as one of the world's most cost-effective cities for construction projects.
This is according to a recent report conducted during the first quarter of 2024 by Turner & Townsend. The survey highlights that the Kenyan capital's average construction cost stands at an affordable…
