Nairobi City’s property prices rose by up to 0.8% in the last quarter of the year 2025. According to the latest property Index by Hass Consult, rents for City dwellers rose by 1.5% pushing rental yields to 7.4%, the highest level recorded since the year 2007. According to the report, across the fourteen monitored satellite […]
A has imposed a 16-floor maximum height limit on high-rise developments in Kileleshwa and adjacent areas, thus nullifying many previously granted permits for taller structures. While delivering the ruling at the Nairobi Environment and Land Court, Justice Oscar Angote, highlighted a violation of zoning regulations outlined in the 2021 Nairobi City Development Control Policy by […]
The data reports that in the Pangani development with a total of 1,562 units, only 333 are county-owned, with the remainder under private developer control. Elsewhere, the Jevanjee project has seen private entities acquire a significant portion of available units, relegating public ownership to just but a small fraction.
Kenya has implemented the new National Building Code 2024 presenting a crucial shift in construction standards across the country. The new guidelines aimed at enhancing safety, functionality and quality in the construction industry supersedes the 1968 regulations which have long been considered outdated due to changing trends.
Centum Real Estate (Centum Re) has handed over its luxury apartments to the buyers. The apartments, the second phase of the Loft Residences, located within the Two Rivers commercial and residential complex in Nairobi, is a unit of 24 four-bedroom luxury development worth Kes. One billion. Centum’s managing director Kenneth Mbae said the handover marks […]
The country’s Luxury Real estate has been hard hit with the recent tough economic times leading to a large number of high end properties being seized by auctioneers. The upcoming auction of assets from the former Intercontinental Hotel in Nairobi, scheduled for August 29, 2024 only serves as an example to the grave situation being […]
The Estate Agents Registration Board (EARB) has cautioned property agents practicing in Kenya without the proper credentials. In a recent notice issued by EARB on March 15th 2024, the board has also warned property owners of dire consequences should they procure services from unregistered real estate agents. “In order for the EARB to continue protecting […]
