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139 articles in Real Estate News · page 9 of 12
Kenya and Ethiopia Forge Historic Deal to Build 3,000km High-Speed Railway in 2025
In a groundbreaking development, Kenya entered into a momentous agreement with Ethiopia to construct a state-of-the-art 3,000-kilometer standard gauge railway network, cementing their commitment to enhancing regional connectivity and trade. The project, known as Lapsset , short for the “Lamu–South Sudan–Ethiopia Transport Corridor Project,” is set to commence in 2025 , marking a significant leap in East African infrastructure development. Table of Contents The Lapsset Corridor Program Financing and Collaborative Efforts for Lapss
Real Estate Trends: What to Anticipate in 2023
Kenya has the largest industrial base in East Africa and therefore offers an appealing investment opportunity. Over the years, Kenya has continued to draw a lot of investors due to its strategic position, diverse economy, and entrepreneurial force. Kenya is a regional financial hub and the main entry point for East Africa. These are some key factors investors wish to capitalize on. The real estate sector is a beneficiary of foreign investment and continues to grow as evidenced in the real estate trends witnessed in 2022. In this piece, we’ll examine the industry’s performance in 2022 and make predictions on what the market can anticipate in 2023 and how these trends will affect investors and developers. Table of Contents Growth of the Real Estate Sector
Kenya To Lower Corporate Interest Tax – Here is What You Need To Know.
Kenya is set to reduce its corporate income tax (CIT) rate from 30% to 25%, aligning with international norms and aiming to attract foreign investment. The reduction in CIT rates can potentially stimulate economic growth, leading to increased foreign investment. This influx of investment could, in turn, drive up demand for real estate properties in Kenya. It’s important for real estate investors to stay informed about any related regulatory changes. Understanding tax incentives, legal frameworks, and compliance requirements in the real estate sector can help investors navigate the evolving landscape and make well-informed investment decisions. In a strategic move aimed at luring foreign investors and aligning with international norms, Kenya is set to lower its Corporate Income Tax (CIT) rate from 30% to 25%
Most Expensive Cities to Live in Africa in 2023
Which city in Africa is the most expensive to live in right now? Let’s take a closer look at the current list of the top 5 priciest cities in Africa and see how much it costs to live there. In East Africa, Kampala in Uganda is the city with the highest cost of living and takes up the 15th spot in the continent. READ ALSO : The 7 Biggest Malls in East Africa Table of Contents Cost-of-Living Index Most Expensive Cities in Africa 1. Dakar, Senegal 2. Addis Ababa, Ethiopia 3. Abidjan, Ivory Coast
Exclusive Interview with Real Estate Expert: Nashon Okowa
Welcome to our interview series featuring top real estate industry experts in Kenya. In this edition, we had the pleasure of speaking with Nashon Okowa , a leading voice in the construction and real estate industry. Li
Climate Change and Its Impact on Kenyan Real Estate: Insights from the Africa Climate Summit
According to a United Nations report, Africa experiences an annual economic loss ranging from $7 billion to $15 billion due to climate change impacts . 16% of Kenya’s 213 natural heritage sites and a staggering 30% of its 71 cultural heritage sites are exposed to the threat of a 100-year coastal extreme sea level event. Rising sea levels in Kenya’s coastal regions are identified as a major concern for the housing market, as they pose risks to homes, infrastructure, and coastal property values. The Africa Climate Summit held at the Kenyatta International Convention Centre (KICC) that just concluded in Nairobi, Kenya, serves as a stark reminder of the far-reaching effects of climate change.
Property Trends: How Agents & Developers Capitalize on Ruaka
Historically, BuyRentKenya’s database has hosted over 50,000 listings since 2015. We currently have 10,000 listings per month with an additional growth of 2,500 listings per month which guides our strong command in Real Estate in Kenya. Through our national reach, we have established long-standing relationships with different stakeholders in the real estate sector to meet the needs of property seekers in Kenya. There has been an upward trend on the number of listings on the BuyRentKenya portal with a 200% increase ratio in the number of people looking for property to the property listings in the last 5 years. The growth is attributed to the rise in residential developments, malls, and the construction of the ByPass which has made transportation easier. This article provides a comparative price change/demand/supply analysis in the past 5 years highlighting investment opportunities. The key variables considered in this analysis were house types
Century-Old Nairobi Residence on the Verge of Auction
Nestled within the serene heart of Karen lies a remarkable six-bedroom residence built over 100 years ago . This piece of history once belonged to the former Director of Medical Services in the colonial government, Dr. Albert Rutherford Paterson, and is now at risk of falling into the hands of auctioneers. READ ALSO : How to Buy Property From an Auction in Kenya This captivating house, set upon 20 acres of idyllic farmland, offers an uninterrupted panorama of the rolling Ngong Hills. It bore witness to Dr. Paterson’s life and the upbringing of his four children, currently belonging to former Cabinet Secretary Without Portfolio Raphael Tuju . Under his ownership, the house has be
Future of Real Estate: Trends Redefining the Kenyan Market
The Kenyan property market is on the cusp of transformation, with a promising future that’s poised to reshape the real estate landscape. In this article, we delve into the factors propelling this transformation, including population growth, urbanization, and economic development. Additionally, we’ll explore the evolving preferences in property types and unearth the most promising investment opportunities on the horizon. Table of Contents The Growth Trajectory Changing Preferences in Property Demand Investment Opportunities in the Kenyan Real Estate Market Conclusion
Boma Yangu Project Demystified: Essential Facts and Insights
Boma Yangu is an affordable housing initiative by the government to fulfill their Big Four Agenda. You can get a Boma Yangu apartment for as low as Ksh 1 million. Any Kenyan over the age of 18 years can apply to buy a house via the Boma Yangu project. With the lowest house price in Nairobi being beyond the reach of most citizens, the Boma Yangu project has piqued the interest of people seeking to own a home within Nairobi and other cities at affordable cost. Unlike other affordable, privately developed houses mostly found in upcoming neighboring towns, you can buy a Boma Yangu home within the city. Table of Contents How Does One Apply for Boma Yangu?
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Land Trends Report [Infographic]
If you’ve been thinking of investing in land in Kenya, having the right information can be the difference between making a good investment and a poor one. BuyRentKenya analyses land trends over the past 2 years and what is currently happening in the market. This Land Trends Report gives you a breakdown of the demand and supply in various parts of the country. The data shows some interesting insights and places you never would have imagined had great demand. Here is a visual and easy way of consuming the data.
Nairobi’s Hidden Gems: Exploring Emerging Property Markets
Nairobi, the vibrant capital city of Kenya, is garnering attention for its evolving real estate market due to rapid urbanization and economic growth. This has led to certain neighborhoods within the city emerging as attractive property investment destinations. Identifying emerging property hotspots is crucial for investors and homeowners seeking lucrative opportunities. Table of Contents Factors DrivingThe Growth of Emerging Property Hotspots Affordable Housing and New Regulations Nairobi Residential Properties Overview Factors affecting residential demand in Nairobi