PRIME Why Kenyan real estate hunters are flocking to Dubai Dubai's real estate market has seen major fluctuations and growth over the past five years
PRIME Is it time for shell homes in Kenya? The cost of extending her home was Sh1.2 million which includes cost of changing her roof.
PRIME Mi Vida eyes CMA nod to raise Sh5bn for housing If the CMA approves Mi Vida’s application, it will be the second D-Reit in the Kenyan market after the one floated by Acorn Student Accommodation in February 2021.
PRIME Average size of home loans nearly halves in four years Households cumulatively borrowed Sh898 billion in 2023, a three percent decline from the Sh922 billion borrowed in 2019.
PRIME Hostels constructor Acorn to raise Sh2.8bn for growth This is the third supplemental offer—or cash call—made by Acorn since it created the Reits
PRIME Prime rents stay flat in Nairobi as landlords seek to skirt vacancies The economy is coming off a period of high inflation, which has made consumers sensitive to price changes.
PRIME Juja leads Nairobi satellite towns in land price growth Juja led a number of Nairobi satellite towns with double digit land price growth in the period, outstripping the appreciation in suburbs closer to the city whose high prices per acre limit their...
PRIME Home loans defaults hit record Sh40bn on interest rates rise Newly released CBK data shows that there was an eight percent or Sh3 billion increase in the value of bad loans for mortgage lenders last year, which capped a tough two years for the segment.
PRIME Supermarkets, warehouses beat homes in rental returns Retail and industrial developers enjoyed yields of 9.5 percent in the first half of this year, compared to 5.5 percent for those in the residential space.
Kenya prime office uptake rises to 75pc in first six months Westlands in Nairobi has been the country's primary office hub attracting developers and expanding the supply of co-working space in the market.
14 Riverside property now up for sale after initial hitch Cape Holdings Limited had been put under administration on October 12, 2021, but was terminated on June 9, 2023 due to non-performance by the administrator.
NCBA, Stanbic tap Sh1.8bn home loans Stanbic Bank Kenya took up Sh936.6 million from KMRC in the year ended December 2023 while NCBA borrowed Sh860 million in the same period.
Loss-making Home Afrika sells houses, land to clear Sh79m loan Home Afrika said it is looking to sell six housing units off its Mitini Scapes Development along Kiambu Road and Lake View Heights in Kisumu.
PRIME Utawala’s evolution from wilderness to bustling urban hub The construction of most roads leading to estates within Utawala, which began in 2017, has also contributed to the increase in land prices.
PRIME MPs back law change to hand mortgage holders tax reprieve The government proposes to raise the annual limit for mortgage interest deductions from Sh300,000 to Sh360,000, offering mortgage holders some tax relief.
Lawmakers reject proposal for tax exemption on Reits Lawmakers shot down a new proposal from NSE and other stakeholders to reinstate stamp duty exemption.
IHS investment fund lines up 240 apartments for Sh1.2bn in Limuru IHS targets to expand its affordable housing footprint with a Sh1.2 billion investment in 240 apartments in Limuru.
Hostels developer Acorn to repay Sh1.8bn bond early The firm had raised Sh5.7 billion through the bond in multiple transactions starting in 2019, with the funds used to develop its branded student hostels.
PRIME Home prices in middle class Buru Buru rise faster than upscale Karen The cost of acquiring homes in middle class estates such as Buru Buru, South B and South C has increased at faster rate compared to houses in high-end neighbourhoods.
PRIME Kenya dollar millionaires rent out their second homes Nine out of every 10-dollar millionaires in Kenya are renting out their second homes.
Nairobi home prices dip as costly loans hit demand The growth of house sale prices in Nairobi slowed down in the first quarter of the year.
Real estate investors turn to Africa on Mideast conflicts International investors have begun to look towards markets they once overlooked such as Africa.
Nairobi’s satellite towns post double-digit land price gains A majority of Nairobi’s satellite towns recorded double-digit price growth in the year to March 2024.
Why two master bedrooms are the growing trend in Kenyan homes For many wealthy Kenyan homeowners, one master bedroom is no longer adequate.
Acorn picks Nairobi’s Kijabe Street for new 2,400 capacity hostel project Acorn Holdings has opted for Kijabe Street to host its first student hostel facility in the Nairobi Central Business District.
