Super Rich Turn to Residential Real Estate to Grow Wealth- Survey
The appetite for residential real estate as investment vehicles among Kenya’s rich population is on the rise compared to preference for commercial property. “The majority of respondents identified investment as [...]
How Technology is Enhancing Property Investment in Kenya
Kenya’s real estate sector is witnessing a remarkable transformation fueled by technological advancements. From the adoption of blockchain for secure transactions and ownership rights to the proliferation of digital platforms [...]
Upperhill Land Value Highest in Nairobi, an Acre Averages over KSh 480Mn
The average value of land in Nairobi’s 18 highest activity suburbs has gone up from KSh 30.3 million in December 2007 to KSh 203.7 million in March 2024. During the [...]Westlands Outperforms Other Nairobi Suburbs in Q1 Rent Increase
Properties in Nairobi’s Westlands area remained attractive in the first quarter of 2024 with rental prices in the district increasing 5.8 per cent during the period under review. “Tenants in [...]Draft Affordable Housing Regulations Published
Draft Affordable Housing Regulations 2024 have been published by the Ministry of Lands, Public Works, Housing and Urban Development which has also put out a notice seeking written comments and [...]
Hilton, Government to Sell Stakes in International Hotels (K) in Privatisation Move
Hilton Hotels and the Kenyan government are selling their shares in International Hotels (K) kicking off privatisation of the iconic Hilton Hotel. In a notice, the Privatisation Authority said interested [...]LAPTRUST Imara I-REIT to Delay 2023 Financials Until May
Real estate investment trust LAPTRUST Imara I-REIT will delay the publication of its 2023 financials until May 31st 2024, following an extension granted by the Capital Markets Authority (CMA). According [...]Kenya Mortgage Refinance Posts 350% Jump In H1 2023 Profits
Kenya Mortgage Refinance Company (KMRC) has posted a 350% jump in profits after reporting KSh 362.7 million for the half year ended 31st June 2023 compared to KSh 103.5 million [...]Employers to Deduct Housing Levy from March 19
The Kenya Revenue Authority (KRA) has issued a directive to employers to deduct the Affordable Housing Levy (AHL) from employee’s salary effective 19 March, this year, following the signing into [...]Housing Levy Bill Becomes Law
The 3% housing levy on all salaried employees, which will be paid equally by both employees and employees in the formal sector, will apply from the end of March after [...]
Nairobi Landlords Prefer Rent Payment in US Dollars-Survey
Tenants in prime office properties and the occupants of retail outlets in mall areas should expect to continue paying their rent in dollars, as landlords hedge against exchange rate risks. [...]Owners of Prime Apartments Reap from Weak Shilling
Owners of property in prime residential rental market are reaping from a weak shilling, while lack of stock of such properties is also working in favour of the owners as [...]
