Browsing: Kenya’s real estate

• A report by the Kenya National Bureau of Statistics (KNBS) indicates that Kenya’s real estate sector grew by 6.1 per cent in the first quarter of 2022
• KNBS revealed that the decline in performance was attributed to a slowdown in activities in the market, which resulted in a decline in transactions in the sector
• The construction sector grew by 6.4 per cent in the quarter under review, marking a 0.4 per cent decline from the 6.8 per cent growth that was realised in the first quarter of 2021

Kenya’s real estate sector grew by 6.1 per cent in the first quarter of 2022, representing a 0.6 per cent decline from the 6.7 per cent growth that was recorded in the corresponding quarter in 2021.

A finding by the Kenya National Bureau of Statistics (KNBS) revealed that the decline in performance was attributed to a slowdown in activities in the market, …

NCBA Bank has signed up a partnership with Shelter Afrique to provide mortgage finance to buyers in five counties.

Under the agreement, NCBA will offer mortgage finance to over 200 housing units developed by Shelter Afrique and spread across Nairobi, Mombasa, Kisumu, Kiambu and Machakos counties.

The developments include maisonettes and apartments ranging from Ksh5.5 million ($49,931) to Ksh 20.25 million ($183,840).

Commenting on the agreement, NCBA’s Head of Property Finance Stella Mutai said the bank will continue to seek partnerships in order to improve access to housing within the country and the region.

“This is an exciting partnership with Shelter Afrique as we work together to bridge the housing gap across the country and the region,” said Stella.

Stella added: “The huge volume of houses that our country needs will require closer partnerships to help meet the growing housing needs in our major cities and towns.”

Speaking on the …