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139 articles in Real Estate News · page 6 of 12
How to Build Your Personal Brand as a Real Estate Professional
To be a successful real estate agent, it is important to ensure that your personal brand is well projected. As the crucial link between developers, buyers, sellers, and tenants, real estate agents must excel in building connections, adeptly representing clients and properties, and deeply understanding buyers’ needs. A great personal brand not only enhances trust but also fosters long-term relationships and driving success. In the competitive world of real estate, building a strong personal brand is not just an advantage—it’s a necessity. What is a Personal Brand? In simple terms, a personal brand is basically what people say about you when you are not in the room or how you are perceived by others. To be a successful real estate agent, it is important to ensure that your personal brand is well pr
Impact of the Standard Gauge Railway on the Real Estate Industry in Kenya
There is an undeniable relationship between infrastructure development and real estate values in Kenya. As the population increases in Kenya, the government and private sector players are in a race to meet the infrastructure needs of the residents by providing road, rail, airport, and port improvements. The Kenya Standard Gauge Railway (SGR) is one such investment. The project is a railway system that seeks to connect Kenyan cities, and link the country to the neighboring country of Uganda, to South Sudan, the Democratic Republic of the Congo, Rwanda, and Burundi. There are also plans to link to Ethiopia to the north of Kenya. READ ALSO : Kenya and Ethiopia To Build 3000Km Railway in 2025 The first segment of the project between Mombasa and Nairobi, began w
How Banning TikTok Can Affect The Real Estate Market
National Assembly Speaker Moses Wetang’ula officially received a petition calling for the ban of TikTok in Kenya. This move has ignited a contentious debate within the nation, raising questions about the platform’s impact on society, culture, and security. The recent uproar surrounding a petition advocating for the complete ban of TikTok has thrust Kenya into the international spotlight as it joins a growing list of nations grappling with how to restrict access to the platform. The petitioner, Bob Ndolo of Bridget Connect Consultancy, has raised a serious alarm regarding the content being disseminated on the TikTok platform. According to the petition, Ndolo contends that TikTok is rife with inappropriate material that promotes violence, vulgar language, explicit sexual content, and hate speech.
Kisumu City is Transforming into a Smart and Walkable City
Kisumu City , often affectionately referred to as “Dala” by locals, is undergoing a remarkable transformation, setting itself apart as a rapidly growing metropolis with a fresh identity. Recent developments have breathed new life into this Kenyan city, making it cleaner, more organized, and pedestrian-friendly, ultimately enhancing the quality of life for its residents. Under the visionary leadership of Kisumu Governor Anyang Nyong’o , the city is on a path to becoming a smart city, embracing the principles of good infrastructure, internet connectivity, public safety, energy efficiency, healthier communities, and a clean and efficient transport system.
Tatu City Strengthens Kenya-China Relations with Investments
In a pivotal move poised to foster mutual economic growth, Kenya’s Tatu City Special Economic Zone (SEZ) has entered into a strategic partnership with the China-Africa Economic and Trade Chamber of Commerce (CAETC). Supported by the Changsha County Government, this alliance is set to unlock a lot of investment opportunities between Kenya and China, further strengthening bilateral relations and enhancing business prospects. The partnership with CAETC is seen as a mi
Nyali Real Estate Demand Soars by 34% – What’s Driving the Growth?
Nyali, a vibrant neighbourhood in Mombasa, Kenya, has seen a 34% increase in real estate demand from July to August 2023. Nyali’s lively atmosphere, rich cultural mix, and delicious food offerings make it an enticing destination. The neighbourhood offers an array of attractions and experiences, from exquisite dining to vibrant nightlife, serene beaches, and modern residential estates. Nyali, a lively neighbourhood in Mombasa is known for its diverse culture, colourful markets, and tasty local cuisine. The streets are bustling, filled with the delightful scents of spices and street food as you take a leisurely stroll. Nyali is connected to Mombasa Island via the New Nyali Bridge. It features upscale hotels, elegant homes, and modern amenities. The extensive white sandy beaches attract both locals and international travellers.
Real Estate Events in Kenya This October 2023
As October unfolds, the Kenyan real estate scene is buzzing with a diverse range of dynamic events. From industry expos to insightful conferences, this month holds great promise for seasoned professionals and aspiring homeowners alike. These gatherings are poised to spark crucial conversations, inspire innovative solutions, and foster invaluable connections that will leave a lasting mark on the real estate landscape in Kenya. In this blog, we’ll unveil the highlights of the most anticipated events, providing a comprehensive guide for anyone looking to stay at the forefront of this thriving industry. Table of Contents 34th Kenya Homes Expo Event Details Annual Estate Agents Conference
Emerging Real Estate Trends in Kenya: Shaping the Market Landscape
The real estate sector in Kenya is evolving rapidly, influenced by various trends. Developers are increasingly incorporating green building technologies, such as solar panels, rainwater harvesting systems, and energy-efficient designs, to minimize environmental impact and reduce operational costs. The Kenyan government has actively promoted affordable housing initiatives to tackle the housing deficit. Technological innovations are revolutionizing the real estate industry in Kenya The real estate sector in Kenya is evolving rapidly, influenced by various trends that are reshaping the market dynamics. From changing consumer preferences to technological advancements, these trends are not only influencing the way properties are developed and marketed but also impacting invest
Talking To Moiz Hassanali, A Director At Kings Developers
Lizzie: Moiz, it’s great to have this chat with you. Let’s start by diving into your journey. What inspired you to get involved in the real estate industry? Moiz: Thank you, Lizzie. The inspiration is to always build quality homes for our fellow Kenyans, but I should mention that Kings Developers has been in the market for over 15 years. We are part of an umbrella company called Royal Group of Companies. It was started in the 50s by my grandfather in Mombasa, where he sold glass. So it’s a family business that eventually grew, then my uncles and father diversified into Nakuru where we have our other companies like SuperBargains hardware, Royal Tanks, and Royal Steels mill. These are companies that cater to the upcountry market, but they were built in mind as a supplement to our real estate company
Regulization of Nairobi’s Development Bill 2015 Needs Change
The following article written by Dr. Diana Lee-Smith The author lives and works in Nairobi, Kenya and is one of the founders of Mazingira Institute, an independent research and development NGO. She also holds a PhD in Architecture and Development studies. Nairobi City County is currently reviewing a piece of legislation that responds to the spate of collapsing buildings and unauthorized construction in the city. Bringing these dangerous and unauthorized buildings under control is a worthy aim for the city government, but unfortunately the Regularization of the Development Bill as drafted, while laudable in all its aims, is actually unworkable in practice as it stands.
Kenya Mortgage Refinancing Company (KMRC) to Increase its Mortgage Limit From 8 Million to 10.5 Million
Good news for aspiring homeowners in Kenya! The Kenya Mortgage Refinance Company (KMRC) has announced an increase in its mortgage limit from Ksh 8 million to Ksh 10.5 million. READ ALSO : KMRC’s Affordable Mortgage Options for Middle-Income Buyers This development, which comes in collaboration with various financial institutions including Absa Kenya, Co-operative Bank, Stima Sacco, Ukulima Sacco, Stanbic Bank, Housing Finance Company, Tower Sacco, NCBA Bank, and KCB Group, marks a positive shift for those looking to own a home. The decision to raise the mortgage limit was influenced by changes in the construction industry and property market prices. These macro changes have prompted KMRC to adjust its offerings to better serve the needs of potential homeowners.
Land Buying & Selling Firms in Kenya To Pay Ksh 500 Million as License Fees
Publication of the bill has been approved by parliament. Only thing pending is for it to be passed. New Land Amendment bill proposes that Land selling companies deposit an indemnity bond of Ksh 500 million to prevent fraudulent land sales. A new regulation authority for Land Dealing companies will be established to protect future buyers from fraudulent land sellers. If the new bill is passed, land-selling company shareholders and directors must undergo vetting before the company is licensed to sell land. Parliament, last Thursday 8th of February, approved the publication of the Lands Act, 2012 (Amendment) Bill which contains the regulation of land buying and selling firms. The fear of being defrauded is always a main concern when buying land. Fraudulent sa