Real Estate in Kenya
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KENYA, 2017/08/20
Real estate markets in Central and Eastern Europe (CEE) are seeing record levels of international capital inflow while a lot of markets in Sub-Saharan Africa are lagging behind.
The new JLL Capital Markets research has identified liquidity and foreign exchange volatility as two key reasons impacting real estate capital flows into Sub-Saharan Africa real estate markets.
A two-speed cycle appears to have evolved in emerging economies with some racing ahead and others lagging behind.
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CASABLANCA, 2017/08/20
African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors.
There have as well been currency problems in the likes of Nigeria and Zimbabwe. But 2017 could be better if commodity prices rise globally.
"The continent gained traction last year, notably in the Hotel, Retail and Residential sectors. One hopes that, in 2017, there will be fewer economic and structural difficulties for African real estate," said Ortneil Kutama, Africa Property News Media Director.
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BOTSWANA, 2017/08/20
Some property pundits believe there are major opportunities for investors or companies on the continent.
While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.
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KENYA, 2016/03/25
While housing prices in Kenya’s residential real estate market stabilised late last year, land costs have seen significant increases, indicating a rise in request for apartment units.
According to the new housing price index from the Kenya Bankers’ Association, released at the end of January, average housing prices edged up by just 1.14% in the last three months of 2015. This marked the third consecutive quarter with a less than 2% period-on-period increase.
Across the board
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KENYA, 2014/06/12
The Institute of Certified Public Accountants of Kenya will commence the second phase of the CPA Centre in December, adding hostels and apartments to its portfolio.
ICPAK said request for residential space on Thika superhighway has increased necessitating such a project. The Sh450 million development is located within KCA University.
\"We will demolish the facility that we have rented to Standard Chartered Bank in order to pave way for construction of phase two which includes hostels and apartments,\" said Benson Okundi, the ICPAK chairman.
"We are targeting students or anybody else who would want accommodation."
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KENYA, 2014/05/15
Kenya presents the best opportunity for real estate investments over the next 12 months, according to majority of participants in a continental property forum in Nairobi slated for mid-next month.
The country is seen as a hub in East Africa, and the emerging oil and gas industry presents a fortune for early movers, according to the experts interviewed by Africa GRI 2014\'s organisers.
\"There is a lot of interest in East Africa and particularly Kenya as the country emerges as the business, telecommunication and travel hub in sub-Saharan Africa,\" said Njoroge Ng\'ang\'a, chief executive of NSE-listed Home Afrika Ltd.
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KENYA, 2013/03/26
Actis, a private equity firm has invested R190 million ($22 million USD, Sh1.9 billion) towards second phase development of Nairobi Business Park and construction works have started next the developer broke ground on 16th October 2012. The prime phase of the Nairobi Business Park was put up in 2004, totalling 8,000 square metres of commercial space.
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KENYA, 2013/02/05
Kenya's property market is enjoying an extra buoyant streak next difficult times early last years.The new Annual Housing Statement released by Property analysts, Hass Consultants indicates that property values in Kenya have increased almost four-fold over the last decade.
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KENYA, 2012/12/30
Despite the development boom in national-of-the-art luxury homes in Kenya, the country’s upper class has fallen on hard times and can no longer afford them, according to economic experts here. Instead, Kenya’s formerly wealthy have presently become part of the continent’s growing middle class.
According to the African Development Bank, by 2010 Africa’s middle class had risen to an estimated 34 % of the continent’s people or nearly 350 million people – up from about 126 million or 27 % in 1980.
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KENYA, 2012/12/17
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