Property Search
Area:
Type:
Specifically:
Home Property News
Property News
Ruaka growing fast, thanks to Northern Bypass

Four years ago, Ruaka Town in Kiambu County consisted of a few shops and  simple residential flats. However, the area has undergone a radical transformation in the past few years, thanks to the construction of the Northern Bypass.

The construction of the bypass opened up the area and saw investors rushing in to build homes, which are highly regarded for their attractive returns. See more…

 
An architects’ paradise at the coast as builders try to outdo each other

Mombasa’s real estate landscape is changing as luxury developments slowly spring up along the coastline and developers cash in on the region’s world-acclaimed beaches.

A cursory look at new developments such Vipingo Ridge, English Point Marina, Ocean Seven and the latest kid on the block, Crest Apartments, leaves one with no doubt that the property offerings at the coast are changing for the better, and as a result attracting world-class architecture and clientele. See more…

 
Home Afrika sets its sights on Kisumu city

Property firm Home Afrika is targeting middle income earners in Kisumu with its new housing project in Riat Hills.

The Sh3 billion gated community which will overlook the lakeside city to the west, will be constructed on a 91-acre piece of land. See more…

 
Property owners convert hotels into apartments

Several hotels at the Coast have been converted into apartments amid a downturn in the tourism industry which has hit investors hard.

More than 10 major beach hotels in Kwale, Mombasa and Kilifi have been transformed into rental apartments, targeting both short and long term tenants.

Property owners have attributed the shift to a slump in tourist numbers in the region which has continued to hurt tourism sector earnings thus jeopardizing the hotel business. Read more…

 
Pesticide producer opens hotel in Nairobi

Pesticide manufacturer Cooper Kenya has opened a three star hotel along Waiyaki Way in Nairobi.

The hotel called Qaribu Inn sits on 2.92 acres of land owned by the firm.

Qaribu Inn manager, Joseph Nguiguti said the hotel is targeting conference and transit business from travellers as its strategically located along the Nairobi-Nakuru highway. Read more…

 
Is this the architecture of the future?

America’s Empire State building and the New York Times Tower at 102 and 52 floors respectively are some of the world’s tallest buildings.

In addition to being architectural wonders, the iconic buildings have another factor in common - they are steel-framed structures.

Construction of the New York Times Tower was completed in 2007, after four years, while the Empire State building was finished in 1931 after 13 months of onsite construction. Read more…

 
Kidero's repaint order draws mixed feelings

The order issued last week by the Nairobi County government for buildings to be repainted within a month is a double edged sword for landlords according to a leading property manager.

In a notice issued on April 13, Nairobi Governor Evans Kidero directed that all building owners in the city repaint them within 30 days.

Kidero said that the directive is in line with the city's by-laws which stipulate that every building in the city must be painted and decorated at least once every two years and must remain so without any defacing. Read more…

 
Chinese firm opens factory for prefab materials

A Chinese firm has set up a Sh3 billion factory in Kitengela for production of prefabricated building materials.

The company, Boleyn Magic Wall Limited, said its Kitengela factory will manufacture wall panels, half slabs, staircases, hollow core slabs for flooring and roofing, columns and pressurised beams for the prefab housing units.

Prefabricated houses are manufactured offsite, usually in standard sections that are portable and assembled at the construction site just like a typical home. Read more...

 
Students, middle class hit hard by housing shortage

Students and middle income earners are the most affected by the country’s housing shortage whose shortfall is estimated at 200,000 units annually.

This is according to a report by investment management firm Cytonn Investments released yesterday.

Cytonn said in its first quarter report for the year that preference for the suburbs among most city residents has led to a revolutionary growth in housing and a surge in commercial property. Read more...

 
Highrise buildings to alter Eldoret's skyline

More than 12 commercial buildings are under construction in Eldoret, developments that will most likely improve the face of the town.

The upcoming buildings all have more than 14 storeys, dwarfing Kerio Valley Development Authority’s building which is currently Eldoret’s tallest with 14 floors.

The high number of new commercial buildings has been caused by rising demand for quality office space, malls and colleges. Read more...

 
Digitisation of title deeds to cover more counties

Land owners will from next financial year apply and search for title deeds online in a deal reached between the government and the Kenya Private Sector Alliance last Thursday.

In a closed door meeting held at State House, the government and Kepsa agreed that the digitisation of the land registry that started in May last year, be extended to other counties from July. The digitisation is currently being piloted in Nairobi and Mombasa. Read more...

 
Kenya placed highly on real estate investors'

Property developers place Kenya highly in their radar, with keen interest on retail and residential space, according to a survey of top real estate professionals. Pent-up demand for affordable housing and high quality commercial spaces, a rising middle class and economic stability are among key factors expected to shape opportunities in the country this year. The survey was carried out by London-based Global Real Estate Institute, the organisers of the Africa GRI 2015 conference that will be held in Johannesburg next month. See more…

 
Sh5.5bn luxury waterfront facility opens in Mombasa

EnglishPoint Marina, a luxury waterfront development facing Mombasa’s Old Town, has been opened to the public even as it awaits commissioning in June. The Sh5.5 billion project that incorporates a hotel, apartments, restaurant, casinos, a public boardwalk and a marina where luxury boats will be moored, has already secured guest bookings as it undergoes final touches. See more…

 
Kenya's Centum pursuing sales to fund power, real estate deals

Kenya's Centum Investment (ICDC.NR) is working on selling its stakes in several firms to fund new investments in power plants, real estate and other areas, its chief executive said. James Mworia told the Reuters Africa Investment Summit the company, whose market value has jumped seven-fold over the last five years to 40 billion shillings ($438 million), was targeting new investments that would maintain growth momentum. See more…

 
Pan African Housing Fund looking to build in Nakuru

Pan African Housing Fund, which announced its third property joint venture for Kenya last week, is looking to build houses in Nakuru, which will be its first deal outside Nairobi. Officials managing the housing private equity fund told the Star in an interview that talks are at an advanced stage, and PAHF could invest $2-3 million (Sh183-274 million) in the new project. See more…

 
Lack of planning law hampers Eldoret real estate

Poor physical planning has hampered property development around Eldoret town, resulting in shortage of quality residential houses being sought after by homebuyers and tenants. According to Dan Melly, managing director of Danwill Investments, house-hunters are taking longer to find homes that suit their specifications. Low-density units such as bungalows and maisonettes are particularly hard to find and are booked in advance, locking out most newcomers into the town. See more…

 
Property listings buzzwords you should watch out for

Real estate agents can make even the most unattractive properties sound tempting by using buzzwords that often blur the real meaning. So, how can you decode classifieds adverts to tell the state of a property? Lamudi has translated some of the most overused buzzwords in the real estate industry, to help house-hunters recognise when agents are exaggerating. See more…

 
Businesses from China try to tap Kenyan property market

Chinese businesses have been moving into Kenya's property market, where failed investments are rarely reported, the 21st Century Business Herald reported. There is no exact figure about the number of Chinese property developers operating in Kenya, and even the Chinese embassy in the African country cannot give such information. See more…

 
Things to do when you inherit property

Whether from a deceased parent or family member, inheriting a property can be an emotional and sometimes complicated matter. It might not always be an easy situation to deal with at first, but having the knowledge and understanding of how to go about it will make it a far easier process to handle, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa. See more…

 
Housing PE fund targets students with Karen project

The Pan African Housing Fund has concluded its third deal in Kenya, which will see it partner with a developer to build rental units in Karen, Nairobi, mainly targeting students. PAHF will put up 1,400 units of studio apartments through the joint venture, making an initial investment of $3 million (Sh274.26 million) in the project, with plans to inject more funds. See more…

 
Sh5bn holiday homes for sale in Kilifi county

A real estate developer is has started the construction of holiday homes in Kilifi county, targeting luxury buyers looking for properties at the Coast. Sultan Palace Beach Retreat sits on 43 acres in Kikambala. Sultan Palace Development Ltd said prices for villas have already increased by Sh7 million each during the pre-construction period of the first phase, to Sh72 million from an earlier offer price of Sh65 million. See more…

 
Cement, steel manufacturers cut retail prices

Steel and cement manufacturers have joined food processors and long distance buses in cutting prices as pressure mounts on other producers to transfer benefit of dropping energy prices to consumers. National Cement has cut the ex-factory price of its Simba brand by Sh25 to Sh575 per 50kg bag – retail prices vary depending on the location due transport cost component. See more…

 
A first-time homeowner's journey to living the dream

Eight years ago, Steven* did not own a home. His dreams were valid though. He planned and pursued his dream and last year, he moved his family into a new neighbourhood – to his own house. What’s more, the home was acquired outright. In his words, the homeownership journey is treacherous – at one point you are sure, and in another moment the dream seems to slip through. See more…

 
Fusion capital eyes Mombasa market with creekside apartments

Real estate developer Fusion Capital is set to boost the supply of houses at the coast once it commissions its 90 three-bedroom apartments on the shores of Mtwapa Creek. To bring down the cost of the homes, the developer has used the concept of a gated community to construct the Marina Creekside Luxury Apartments, according to group Chief Executive Luke Kinoti. See more…

 
Have money? Put it in urban land, cows, gold, or oil... in that order

The value of land in nine of the fastest growing suburbs of Nairobi has grown fivefold since December 2007, a new report shows. The average value per acre in these crowd-pulling zones rose from Sh32.5 million in December 2007 to Sh173.7 million in December 2014, according to the Hass Composite Land Index, which tracks land prices in and around Nairobi. This impressive performance of the sector has attracted the attention of many investors and analysts, the investors seeking a piece of the pie and the analysts out to understand what drives the sector. See more…

 
Call to Amend Land Management Law

National vice chairman of the Farmer's Federation Dubat Hamey wants the law on land and natural resources management amended to give county governments more authority. He said land management has been devolved but the management of forests and wildlife is under the national government. See more…

 
Green technology attract more tenants

Demand for green office space is growing in Nairobi, largely driven by multinational companies, according to real estate services firm HassConsult. Tenants opt for the technology owing to the cost savings made through natural lighting and water recycling. “Office spaces that have gardens, fountains, ample parking and top calibre lobbies, lifts and unique interiors are in short supply, yet these are the exact kinds of premises that most multinational tenants and top companies are seeking and willing to pay premium rates for,” said Sakina Hassanali, marketing manager at HassConsult. See more…

 
KRA eyes higher capital gains tax on land deals

The Kenya Revenue Authority (KRA) will push to raise the capital gains tax on land if lobbying to adjust buying cost for inflation (indexation) bears fruit, a commissioner said on Wednesday. Indexation means adjusting the cost, mostly upward, reducing the gain tax liability for buyers who acquired land at what today sounds ridiculously low price. See more…

 
Barclays unveils mortgage centre to woo homebuyers

Barclays Bank has unveiled a mortgage centre in a move targeted homebuyers, particularly first-timers, offering a promotional interest rate of 11.9 per cent for the next two months. The tier-I lender said the strategy will be “disruptive and innovative” in a market where individual outstanding mortgage accounts are currently at about 20,000. See more…

 
Nairobi Aims to Collect Sh66 Billion in Land Rates

Nairobi City County has said it will collect more than Sh66 billion through the 'operation clamp down'. The operation involves getting tenants of buildings, whose owners have defaulted on land rates, to pay rent to the county. Once the debt is settled, the tenants will go back to paying rent to building owners. Speaking during a clampdown in Westlands yesterday, the county chairman for the operation task force John Njoit said they have collected more than Sh10 million since the operation started. See more…

 
Want to join real estate? Here is where to bank on

Apartments and bungalows have the highest returns on investment, the first housing survey by Kenyan banks reveals. The Housing Price Index survey found that the two types of housing units are the most popular across the country with the expanding middle class and the rapidly rising value of land cited as the key accelerators of the trend. See more…

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>

Page 1 of 22