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Developers go slow on land, await State plan

Land prices in Nairobi and its environs are have stopped rising as developers await direction on Government’s affordable housing policy. Looking at performance for the third quarter of 2018, the Hass Property Index reported that demand from buyers is waning as they wait to see where the massive housing will be put up. “These actions…Read More→

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Radisson set to open first Kenya residence

Global hotel group Radisson will next year open its first residence in Nairobi’s Arboretum neighbourhood in the second quarter of 2019. The Radisson Blu Hotel and Apartments will be the third property under the hospitality group in Nairobi, and the second under the Radisson Blu brand name. “It is a segment which we think has…Read More→



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Real estate firms now cash in on constructing houses meant for the elderly

Real estate developer Superior Homes is putting up high-end homes for the elderly. Dubbed Fadhili Care, the project broke ground in February 2018 and will be a custom-designed assisted-living facility. The development is located within Super Homes Greenpark Estate at Athi River. It will comprise 41 one and two-bedroom bungalows designed to accommodate senior citizens with…Read More→


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NANYUKI OASIS PHASE 2 IN NANYUKI ERERI-LAIKIPIA

399,000 KES Nanyuki KE ID: 209010013-139 The land is located in Ereri, Nanyuki opposite Ol Pejeta Game Reserve. It is approximately 15 km from Nanyuki CBD off the Nanyuki-Rumuruti road which is currently being tarmacked. It is is 50m from Sirat Primary school and church of Good Hope. The are is flocked by local and international…Read More→


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Why a good job doesn’t guarantee you decent housing

The majority of Kenya’s working class may not be in a position to pay more than Sh3,500 rent, says the Ministry of Housing and Urban Development, underlining the financial strain that urban dwellers routinely undergo every month. Principal Secretary Aidah Munano says about 60 per cent of the country’s workforce takes home about Sh25,000 or…Read More→


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Why Kenyans are yet to warm up to real estate investment trusts

The introduction of Real Estate Investment Trusts (Reits) as an investment vehicle for players in real estate at the Nairobi Securities Exchange (NSE) in 2015 was billed as a game changer. But far from it, the market segment has faced numerous challenges. Through Reits the Capital Markets Authority (CMA) had handed property managers and developers the…Read More→


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Dreams of affordable housing will go up in smoke

A storm is brewing in the country over the implementation of the new fuel levy by the National Treasury. On the one hand, the Treasury and the Kenya Revenue Authority stand firm by their decision to collect Sh70 billion through the 16 per cent value added tax (VAT) on petroleum products, ignoring the public mood,…Read More→


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Land For Sale in Kajiado 1/8 at 950,000Kes

Isinya KE ID: 209010013-129 Present Use: DEVELOPMENT Birika Suburb is a fast developing neighbourhood within Kajiado County that is located between Isinya Town and Kiserian Town. The area can be accessed either through Kiserian Town using the Pipeline Road off Magadi Road or through Isinya Town using the same road off Namanga Road. Due to this…Read More→


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Buildings demolition put real estate investors on edge

Realtor Hass Consult has cautioned against what it terms as the State’s disregard of genuine land ownership documents and regulatory approvals while demolishing multi-million shilling buildings, saying it is hurting the property market. Head of Development Consulting and Research Sakina Hassanali said real estate investors were fearful of the trend where State-sponsored demolitions appeared to…Read More→