Homes market shifts to small towns

Real estate developers are moving out of Nairobi to smaller towns, aiming to tap rising demand for residential houses that the high cost of land in the Kenyan capital has left unmet and adding a new dimension to property market growth.

Latest market data indicates that there has been a marked upsurge in construction of new housing units in Naivasha, Kisumu, Mombasa, and Nakuru – a trend that is expected to ease demand pressure on Nairobi and help tame price inflation.