Housing had been one of Kenya’s fastest-growing sectors in the decade to 2019, with returns from real estate outpacing equities and government securities.
By
George Ngigi
Correspondent
Nation Media Group
A decades-long property boom on the outskirts of Nairobi, including Kiambu, Kitengela and Ngong, is coming to an end as home prices drop and land costs soften.
Nairobi suburbs recorded an average 4.2 percent price growth in the year to June, marking Karen and Langata among outliers.
The rise in standalone house prices contrasted with the performance of high-end apartments in Nairobi, where values declined over…
Economic pressures are dragging down property and land prices in many Nairobi satellite towns, though a few areas continue to…
The apartment boom reflects the economics of Nairobi's land market rather than competition for prestige.
Kenyans seeking to acquire property in the affluent Coastal neighborhoods, will now have to pay double the price they paid before…
A surge in government-backed affordable housing projects is prompting private developers to focus on offices, warehouses and…
