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 [...]Choosing the Right Developer Has Never Been More Important
Nairobi’s residential real estate market is a complicated landscape to navigate, especially when making your first investment. In recent years, stories of construction collapses, grabbed land, and unfinished developments have [...]
Shelter Afrique to Issue Affordable Housing Loans in Nigeria
Shelter Afrique Development Bank has begun piloting the construction of 370 housing units in Nasarawa Technology Village, Nigeria. “The Nasarawa Technology Village project underscores a successful example of public–private partnerships [...]Diaspora Capitalizes on Weak Shilling with Real Estate
This rapid devaluation has raised concerns among both local and international investors, but for Kenyans living abroad the devaluing currency presents a unique buying opportunity in Nairobi’s residential real estate sector.
