The apartment boom reflects the economics of Nairobi's land market rather than competition for prestige.
By
Marion Sitawa
Correspondent
Nation Media Group
Every few months in Nairobi's upscale neighbourhoods of Kilimani, Kileleshwa and Lavington, an old bungalow disappears behind corrugated iron sheets as construction cranes move in to build yet another apartment block.
The rise in standalone house prices contrasted with the performance of high-end apartments in Nairobi, where values declined over…
For decades, the older generation of Kenyans has mainly focused on one investment: land.
Nairobi's downtown is changing, and experts believe that while the new look is good for the face value, it will also boost the…
A surge in government-backed affordable housing projects is prompting private developers to focus on offices, warehouses and…
Developers have continued delivering apartment projects into a market where demand has expanded at a slower pace than supply.
Collusion between land officials and fraudsters has enabled forged transfers, illegal subdivisions and manipulation of historical…
