PRIME Trump’s aid cuts hit Nairobi upmarket home landlords In 2023, the last year for which official data is complete, Kenya received $850m (Sh110 billion) in US aid, backing more than 230 projects to varying degrees.
PRIME Juja, Kiserian, Ongata Rongai top growth in home sale prices House prices in Juja recorded the highest annual increase in sales prices at 13.8 percent, followed by Kiserian at 11.4 percent and Ongata Rongai at nine percent.
PRIME 42 banks, saccos bid for KMRC home loans KMRC, which is 25.3 percent owned by the government, offers funds to primary mortgage lenders at an annual interest of five percent.
PRIME Coffee Research Institute raises alarm as farms give way to real estate The decline of the coffee industry has led to stagnating production, with annual yields hovering between 38,000 and 51,000 metric tonnes for years.
PRIME Nairobi drops in Africa’s new hotel ranking, developers go upcountry At least 46 percent of hotel rooms currently under construction in the country are located outside the capital.
PRIME Nairobi’s prime warehouse rents stagnate on manufacturing woes Knight Frank says Kenya’s industrial sector remains constrained by high production costs, particularly electricity tariffs.
PRIME Nairobi ranking rises as upmarket homes prices up 8pc Nairobi trailed Mexico, Aspen and Mustique last year when the rival cities posted price gains of 8.9 percent, 8.9 percent and 8.8 percent respectively.
PRIME Mauritian developer discloses Sh1bn gain from US embassy estate Grea developed the 90-unit property jointly with US-based Verdant Ventures at an initial cost of $51.8 million (Sh6.69 billion).
PRIME Nairobi’s prime office rents cheaper than Kampala, Dar The average rental yield for developers in Nairobi stood at 8.5 percent in 2024, also the lowest among East African capitals.
PRIME Why State is racing to document land titles for affordable housing projects In 2022, it was revealed that some 1,500 public properties in Nairobi alone lacked titles.
PRIME Demand for mini-malls up in Kenya on youth influence Several renovations were made to malls in a bid to attract young clients and drive footfall to various stores.
PRIME Kenya prime office uptake dips to 72.7pc in second-half of 2024 Kenya saw a steady increase in the supply of Grade A office space from 2010.
PRIME Tatu City loses bid to stop developer’s apartments project Tatu City was challenging a High Court decision which allowed Home Bridge to proceed with construction.
PRIME Landlords face losses as State plans own offices The plan to build new office buildings comes with the risk of cost overruns and delayed completion times as was the case with Bunge Towers which was constructed for Sh9.2 billion over 14 years.
PRIME Nairobi property prices grew 5.2pc in 2024, high demand for standalone units HassConsult attributed the higher growth pace of the standalone houses to their lower supply compared to the other two property types.
PRIME Most renters have not initiated plans towards home ownership New KNBS data shows that Kenyans in rented houses are not saving to build or buy homes, reflecting the low uptake of mortgages.
PRIME Apartments take longest to sell, says KNBS survey A four-bedroom townhouse took 17 months to get off the market, according to a real eastate report.
PRIME Laptrust cuts 16 floors off Ugatuzi Tower project amid office space glut Laptrust plans to complete the project within 24 months after licensing and commencement of construction.
PRIME Why Kenya’s home ownership is falling despite cheaper housing push Kenya’s home ownership rate appears to be driven mostly by rural ownership, while majority in urban areas continue to rent.
PRIME Modern Sh1.3bn hotel to overlook Nairobi National Park The hotel industry in Kenya has shown a revival amid a recovery in tourism and conference visits, as investors sought to capitalise on rebounded room sales.
PRIME Odinga family in Sh120bn Kisumu real estate project Odinga said the project contributes to the government's affordable housing agenda, which he said cannot be achieved without the input of the private sector.
PRIME Shrinking homeownership rate tests Ruto housing plan The decline in the share of Kenyans owning homes comes against the backdrop of efforts by successive governments to help Kenyans own homes by unveiling affordable housing units for the poor and...
PRIME Office space suffer 34pc vacancy on weak demand Of all the office spaces advertised for renting in 2023, a third (34.4 percent) remained unoccupied at the end of the year due to poor demand.
PRIME Nearly half of Kenyans unaware of affordable housing programme The government’s affordable housing programme has been the subject of public debate since 2023.
PRIME 41 percent of urban dwellers in favour of rent controls In Nairobi, Kenya’s capital and home to the largest number of Kenyans, opinion is split almost halfway.
