Developers have continued delivering apartment projects into a market where demand has expanded at a slower pace than supply.
By
Kabui Mwangi
Correspondent
Nation Media Group
Apartment prices in Kenya have fallen for the fourth quarter in a row amid an oversupply of flats as the cost of maisonettes, bungalows and villas surged 8.5 percent in the year to March
The rise in standalone house prices contrasted with the performance of high-end apartments in Nairobi, where values declined over…
Housing had been one of Kenya’s fastest-growing sectors in the decade to 2019, with returns from real estate outpacing equities…
The apartment boom reflects the economics of Nairobi's land market rather than competition for prestige.
Currently, the returns are no longer what they were when he first entered the market.
Two things are true about Nairobi's property market right now, and they should not be able to coexist.
For decades, the older generation of Kenyans has mainly focused on one investment: land.
