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Real Estate - Top Headlines & Latest Trends

Landlords feel the pinch as rains ruin roads in Nairobi

Landlords feel the pinch as rains ruin roads in Nairobi

2017-11-14 09:42:12, standardmedia.co.ke

IN SUMMARY Residents say it is the responsibility of building owners to demand good infrastructure from authorities The landlords are urging housekeepers like Mong’are to prevent the tenants from moving out before clearing any pending payment It is late Saturday afternoon and Geoffrey Mong’are leans on the wall near an open gate at one of the houses he manages in Telaviv area in Embakasi, Nairobi

 

Property Markets

Kenya, the home of Africa’s super-rich

Kenya, the home of Africa’s super-rich

2018-03-09 07:41:03, standardmedia.co.ke

Kenya has been ranked the property market of choice for the continent’s super-rich. According to the Wealth Report 2018 by Knight Frank, nearly a quarter (24 per cent) of the ultra-wealthy Africans own property in the country and plan to increase their portfolio. Overall, Kenya ranks third as the most preferred real estate investment destination by high-net-worth individuals from Africa, behind the UK, which ranks first with 67 per cent of the wealthy Africans owning property there, and the US (33 per cent) in the second position

 

Buildings

Home & Away: After malls, office developments run out of steam

Home & Away: After malls, office developments run out of steam

2017-05-18 10:24:08, standardmedia.co.ke

First it was malls with doubts raised as to whether the market was big enough to accommodate new entrants with several mega developments coming into the market. Now office developers find themselves in the same boat. For the last decade, real estate has been the investment vehicle of choice for many, outperforming traditional avenues like the stock market. In all this time, however, the elephant in the room has always been the question of whether the growth of real estate was in realistic

 

Residential

Why you need to be at Crystal Rivers mall & gated community

Why you need to be at Crystal Rivers mall & gated community

2017-03-28 08:51:34, the-star.co.ke

In case you haven't heard of it, this is the latest anticipated development in Nairobi. Crystal Rivers mall and gated Community is a “Live, Work and Play” development by Safaricom Staff Pension Scheme. The mall is conveniently located at the busy Mombasa Road, just 1.2 Kms past the Mombasa/ Kitengela Roads interchange, Athi River, Machakos County. The site is only 10 minutes drive from Jomo Kenyatta International Airport and 25km from the City Centre of Nairobi

 

Housing

Low cost housing project kicks off in Kiambu

Low cost housing project kicks off in Kiambu

2018-02-03 20:20:17, the-star.co.ke

A new low-cost housing project has launched in Kiambu County with an aim of providing affordable houses for Kenyans. Cornerstone is a designed gated community estate located 25 minutes drive north of Nairobi and 200 meters off Thika superhighway on Kenyatta. The homes are three bedroom bungalows all ensuite and the average cost is under Sh4 million. Deposits start at Sh1

 

Developers

Real estate developer sues Housing Finance for overcharging Sh4 million

Real estate developer sues Housing Finance for overcharging Sh4 million

2018-01-03 13:07:46, standardmedia.co.ke

A real estate developer has sued Housing Finance Company of Kenya for overcharging it for the construction of residential houses in Kiambu. Hadar Limited, in a suit filed at the High Court, claimed that it had repaid Sh167 million HFCK loaned the company for the construction of the three- and two-bedroom houses, but that the lender was still demanding payment despite an audit report showing an excess payment of Sh4 million

 

Rentals

Pyrethrum farmers want irregular lease agreements annulled

Pyrethrum farmers want irregular lease agreements annulled

2018-03-08 15:11:34, kbc.co.ke

Pyrethrum farmers in Nakuru County want the Government to annul irregular lease agreements worth millions of shillings between private developers and the management of the moribund Pyrethrum Regulatory Authority to avert imminent fraud. The farmers want an inquest into a 20 year lease agreement of the authority`s storage premises that was allegedly done without prior consultation with farmers. The pyrethrum farmers representing over 3,000 growers across 19 Counties are contesting the lease agreements on large parcels of land and go downs which they say will only benefit unscrupulous individuals at the expense of farmers

 

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