Economic survey shows construction industry driven by residential buildings
The Kenya National Bureau of Statistics recently published the Kenya economic survey for 2020, detailing economic data across various sectors of the economy. The...
Legal take on loans and real estate agreements impacted by COVID-19
In the wake of the spread of the coronavirus COVID-19 global pandemic, the real estate and loan markets in Kenya are bound to be...
New tax laws to affect real estate as government targets leaseholders to increase revenues
President Uhuru Kenyatta signed the Tax Laws Amendment Act, 2020 effective April 25th, bringing into force tax law changes expected to impact all industries...
Akon’s cryptocurrency to be used in Mwale Technocity
Akon’s cryptocurrency, the Akoin is set to be adopted at the $2 billion Mwale Medical and Technology City (MMTC) in Western Kenya, marking the...
Kenyan women hold $14.8 billion demand for housing finance
Living in Nairobi decreases the probability of homeownership by nine percent, a survey by the International Finance Corporation (IFC) has found. The survey found that...
Proposed bill to cushion tenants and mortgage owners
A Senate bill sponsored by Nairobi Senator Johnson Sakaja, seeks to address the gridlock between landlords and tenants offering guidelines on how both parties...
Government rejects direct intervention in rental payments
The government has rejected calls by a section of Kenyans to compel landlords into cutting rents amidst the economic turmoil and to protect tenants...
Ministry of lands to move all property transactions online
The ministry of lands’ digitization initiative has received a shot in the arm following the coronavirus pandemic. The ministry which has in the past...
KWS to build hotel in Nairobi National Park
The Kenya Wildlife Service (KWS), is planning a multimillion-hotel project in Nairobi National Park. The project is part of the 10-year management plan for the...
Fusion capital reduces rents by 30 percent
Fusion Capital has offered tenants of its Flamingo Towers property located in Nairobi’s Upper Hill area, a 30 percent discount on rent to reduce...
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Watamu skyscraper to unseat The Pinnacle as tallest building
Before the dust settles on news of the ongoing construction of Africa’s tallest building in Upper Hill, Nairobi, something is happening at the Kenyan...
How Big Is An Acre Really?
An acre is the typical measurement of a piece of land, used by buyers and sellers to have an understanding of the size of...
Kenya Construction Costs, 2017
The construction industry represents 6 percent of global GDP according to the International Construction Market Survey for 2017. However, productivity growth in the construction industry...
AVIC unveils the Global Trade Centre in Nairobi
Chinese company AVIC International, through its Kenyan subsidiary yesterday unveiled the Global Trade Centre (GTC) a city complex set on 7.5 acres of land...
Second Phase of Dongo Kundu Bypass to begin next month
Phase 2 of the Dongo Kundu bypass project is set to be rolled out from next month after the Attorney General gave clearance to...