Approvals for new office blocks and homes in Nairobi grew nearly a third to Sh314.2 billion last year as rising rents drove investors to real estate.
Official data show that City Hall approvals for new building plans last year rose by Sh72.2 billion from Sh242 billion in 2015—making it one of the fastest growths in recent years. This represented a growth of 29.7 per cent compared to a growth of 6.6 per cent in 2015.
