Residential market boosts Nairobi building approvals

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A building under construction in Kilimani area in Nairobi on March 27, 2024. PHOTO | BILLY OGADA | NMG

The value of buildings approved for construction in Nairobi last year increased by 33.6 percent to Sh217.04 billion in the 12 months to December compared to the previous year, on a resilient recovery in the residential housing market segment from Sh162.45 billion in 2022

The latest figures from the Kenya National Bureau of Statistics show that the value of approvals grew by Sh54.59 billion from Sh162.45 billion in 2022.

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