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.
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.
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.
PRIME Report: Two bedroom townhouses have highest rental returns Studio apartments and bedsitters were the least attractive investments for realtors, earning them a low yield of 2.2 percent per annum.
PRIME More Suraya houses, land up for auction It was not immediately clear how much the auctioneers are seeking from the vacant land that is situated off Mombasa Road in Imara Daima Estate.
PRIME Architects’ lobby clashes with Ruto on tally of affordable houses built A latest update report by AAK shows only 1,189 houses have been constructed and completed in more than two years.
Court stops Kajiado County from collecting controversial land rates The county government opposed the application arguing that the suspension of the section would deny the devolved unit revenue collection, which was critical for service delivery.
PRIME Less than half of inspected buildings pass safety test The report shows that of the 1,333 buildings inspected in various counties, including Nairobi, only 570 were deemed safe.
PRIME SA fund releases Sh6bn to developer on shift to Kenya Transferring Grea’s office to Kenya is set to hand Nairobi a windfall in terms of jobs, as well as potential taxes when the property developer’s income starts being declared in Kenya.
PRIME CBK Pension Fund targets Sh1bn from buildings sale The CBK Pension is coming to the property market for buyers at a time many auctioneers are reporting a glut in selling repossessed buildings.
PRIME Official receiver to lease out Cytonn Kilimani property The money received from the lease will be used in meeting operating expenses such as security services, which are costing the official receiver about Sh100,000 a month.
PRIME Auditor queries Kenya Power prime land lease deal with firm Ms Gathungu revealed that internal valuers at Kenya Power valued the land in February 2023 at a price that was way below the actual price based on a valuation done in June 2020.
