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Browsing: Kenya’s real estate sector recovers
- The Kenyan real estate industry recorded a bounce back in 2022 after two years of a sharp drop during the COVID-19 pandemic
- The Status of the Built Environment Report 2023 noted that the pandemic was an eye-opener, making people appreciate the need for spacious rooms, clean air, and sufficient parking, leading to improved quality of spaces in property development
- The economy’s recovery has significantly contributed to the rise in the price of land and houses while also reviving the rental market
- Infrastructural developments across various parts of the country have also been a significant factor in property prices
The Kenyan real estate industry recorded a bounce back in 2022 after two years of a sharp drop during the COVID-19 pandemic, a new report has shown.
The Status of the Built Environment Report 2023 noted that most people reserved their savings to support their livelihoods rather than investing in sectors such …