House and land prices dropped in Nairobi and the surrounding counties of Kiambu, Kajiado and Machakos in the three months to June due to low demand in the wake of the coronavirus pandemic. HassConsult, which conducts a quarterly property pricing index in Kenya, said Tuesday that house prices dropped 0.2 percent in quarter two, compared to a growth of 3.6 percent in a similar period last year. It...
Buying Properties
Home ownership is the dream of every person, while some prefer purchasing affordable pieces of land in satellite towns to build their dream homes gradually, some would rather buy an already built house. However, others opt to acquire off-plan houses. Whichever option you elect to use,you must not burn your fingers. Below are 10 things to look out for before investing in off plan houses: Check the...
Faced with a growing population and rapid urbanisation, Africa is in the midst of a serious housing shortage. Governments must rethink their policies and work closely with the private sector if they’re to secure affordable accommodation for the next generation Unprecedented urbanisation has led to a serious shortage of affordable housing in cities around the world. In 2014, McKinsey &...
Nairobi’s Gigiri suburb is home to the most expensive houses in the capital as Kitengela emerged as the least expensive neighbourhood in the three months to March, a new survey shows while also indicating that on average, property prices fell for the first time in over a decade. On average, homes cost about Sh119.3 million in Gigiri, which neighbours the United Nations complex, while stand-alone...
Return on investment should drive an investor’s choices The most successful people do not work for money, they let money work for them. This is one of the phrases synonymous with most investors. Investing entails putting money in a certain venture that generates profit for you either through your direct input or others’ inputs. One such investment is land and, in this case, a commercial...
Picture this: you get to choose the clients you work with. Instead of being turned down by prospects, you’re the one turning them away. If this sounds too good to be true, you might be one of the many entrepreneurs who believe rejection is part of the game — but it doesn’t have to be. Most salespeople hear “no” more than “yes” because they make several of these critical but common...
While the troubles facing well-known retail names on the UK's High Streets have been much publicised, the plight of landlords has received less attention. However, two of the UK's biggest retail landlords have seen a combined £573m wiped off the value of their shares this year. Hammerson and Intu, which own huge shopping centres, have had their rental income squeezed as shops try to share some of...
Realtors have reported increased sales of standalone homes within Nairobi and its suburbs, largely driven by improved access to credit and lower property prices. A survey of several real estate sellers in the city has revealed that January property sales were much higher than the average monthly transactions reported in 2019. Realtors said high-end properties in Westlands as well as the Gigiri...
The property market in many cities across the world is facing unprecedented challenges. Prices have risen so high that most of the buyers have been priced out of the market. The sellers have somehow anchored themselves to these irrational prices. The end result is that prices do not seem to be coming down. There are almost no transactions in the market at the given prices. Globally, millennials are...
President Uhuru Kenyatta’s administration has yet again inked a multibillion-shilling housing deal that will see the construction of 100,000 homes for the poor. This is the second housing deal to be secured by the government in a week, having received another support from a Singaporean consortium. The deal between the State department for Housing, United Nations Office for Projects Service (Unops)...