Nairobi developers hold back on new real estate projects

A pool of activities at City Hall Annex, Nairobi, on November 25, 2025. 

Photo credit: File | Nation Media Group

Real estate developers slowed the rollout of new projects last year, signalling the onset of positioning for political and economic uncertainty within the sector ahead of the 2027 general elections.

Data from the Kenya National Bureau of Statistics (KNBS) shows the total value of approved building plans in Nairobi fell by 9.2 percent to Sh201.3 billion in 2025 from Sh221.6 billion in 2024, pointing to a shrinking pipeline of new developments.

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