Rent for Office Space to Decline in 2021 Due to Oversupply-Report
Rent for office space is expected to decline to US$ 8.7 per square metre( KSh 939.60) in 2021 as retail rates fall to US$ 14.6 per square metre(KSh 1576.80). This [...]
Kenya Mortgage Refinance Company to Issue Housing Bond by End of 2021
Kenya Mortgage Refinance Company (KMRC) plans to issue a housing bond before the end of this year as part of its strategy to offer cheaper finance to prospective homebuyers. With [...]
REITs Are the New Way to Invest in Real Estate in Kenya
Real Estate Investment Trusts (REITs) are gaining traction in Kenya. They are investment instruments backed by income-generating properties like apartments, offices, or hotels. The Real Estate Investment Trusts (REITs) launched [...]Zanzibar Woos Foreigners with Mouth-Watering Tax, Residency Plan
Zanzibar has rolled out a new tax and residency programme for expatriates to live and invest in the Tanzanian island. This move follows huge infrastructural and tourism-friendly initiatives that have [...]Centum Real Estate Net Earnings Drop 102% to KSh 650.4 Million
Centum Real Estate Limited recorded a significant drop in its financial year for the period ended 31st March 2021 to KSh 650.4 Million from KSh 2.3 Billion over a similar [...]Acorn to Construct KSh 1.9 Billion Hostels in Karen
Through its subsidiary Spruce Properties Limited Liability Partnership, Acorn Holdings has launched the construction of its KSh1.9 billion student accommodation hostels in Nairobi’s Karen under the Qwetu and Qejani brands. [...]Waterfront Karen Mall Not for Sale, says late Muguku's family
Waterfront Karen Mall Managing Director David Muguku, son to the late billionaire Nelson Muguku has denied media reports that this family property is up for sale. In a statement, Muguku [...]4 Key Factors Driving Real Estate Market in Nairobi
The real estate sector is one of the markets that drive economies across the world. It is an industry that is among the top revenue earners for many countries across [...]
Wealth Report Shows Population of Wealthy Kenyans Dropped by 22% in 2020
The number of High-Net-Worth Individuals (those worth over one million US dollars) dropped by 22% last year according to Knight Frank’s 2021 Wealth Report edition. This is in comparison to [...]Centum's Real Estate Unit lists KSh 3 Bond
Centum Real Estate Limited has listed its KSh 3 Billion corporate bond at the Nairobi Securities Exchange(NSE).The listing gives buyers of the three-year bond a platform to trade the security [...]HF Group sinks into KSh 730.2 Million Net Loss, issues profit warning
Mortgage lender HF Group Plc has widened its Net losses to KSh 730.2 Million in Q3, 2020 from a loss of KSh 84.6 Million, triggering the firm to issue a [...]Where to Buy Land under KSh2 Million within the Nairobi Metropolis
Many people would like, and want to live around Nairobi Metropolis. Some because this is where they work, have their businesses, or just because they like the city environment. The [...]
