In 2016, amid a rapid increase in demand for housing against short supply, which led to a sharp increase in prices, players in the real estate sector frantically battled to allay fears of an imminent bubble and a subsequent burst. Potential buyers were hoping for the bubble to burst, a phenomenon in which demand would decrease with an increase in supply, leading to a sharp drop in property...
During this period, said the report which covered the year 2022, most people reserved their savings to support their livelihoods rather than investing in sectors such as real estate. The loss and reduction of income streams and reduced lending by banks and other financial institutions due to the economic uncertainty also translated to decreased investments in land and property. The pandemic was also...
Wealthy Kenyan investors plan to put a bigger proportion of their wealth in real estate this year compared to equities, which continue to rank low on their investment portfolios. The 2023 Wealth Report by realtor Knight Frank published this past week shows that in 2022, investments in commercial property comprised up to 40 percent of rich Kenyans’ portfolios while stocks only accounted for 18...
The housing multi-billion-shilling real estate transaction in Kenya sponsored by Chinese and Qataris has hit a roadblock owing to the fact that the Kenyan government lost the legal battle to acquire 4,272 acres from East Africa Portland Cement Company (EAPCC) for free. The Kenyan government’s loss has effectively suspended plans to build affordable homes in the area. Kenya's administration...