Browsing: real estate in Kenya

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  • Land Investment in the Nairobi Metropolitan Area is the only sector projected for growth in 2023 according to the latest data from Cytonn Investments. 
  • Land has continued to establish itself as a reliable investment opportunity, displaying great resilience even during times of economic hardship in the COVID-19 period, and a depreciating Kenyan currency. 
  • The investment opportunity lies in satellite towns; Juja, Utawala and Limuru for unserviced land, for serviced land, investment opportunity lies in Syokimau and Ruiru-Juja which recorded the highest annualized capital appreciations 

Land Investment in the Nairobi Metropolitan Area is the only sector projected for growth in 2023 according to the latest data from Cytonn Investments. 

The report states that land has continued to establish itself as a reliable investment opportunity, displaying great resilience even during times of economic hardship in the COVID-19 period, and a depreciating Kenyan currency. 

Some of the factors that  will contribute to the

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  • Centum real estate has posted KSh 650 million ($5.5 million) in consolidated operating profit for the year ended March 31
  • The Kenyan company said the performance was driven by profits from the sale of houses and development rights business lines
  • The sale of houses achieved significant revenue growth to KSh 1.8 billion from selling 301 completed homes

Centum Investments subsidiary Centum real estate has posted KSh 650 million ($5.5 million) in consolidated operating profit for the year ended March 31.

The Kenyan company said the performance was driven by profits from the sale of houses and development rights business lines.

During the twelve months, home sales achieved significant revenue growth to KSh 1.8 billion from selling 301 completed homes. The performance rose from the KSh 457million generated from 96 completed homes in the previous year.

Centum Real Estate noted that as of March 31 2022, residential businesses collected cash deposits …

Real Estate in Nigeria - Proptech in Africa

Africa has never been at a better time to capitalize on the real estate market. The sector is rigged with plenty of modern technology that offers myriad opportunities that shift away from traditional uses and increase transparency and efficiency. 

Africa Business Insider pointed out ten pathways for investors to benefit from investing in the African real estate market in 2022. 

Long-term residential rentals are argued to be one of the fastest ways for an investor to garner profits as the rising population in Africa calls for substantial development of decent shelter. 

Real estate investment trusts (REITs) allow investors to acquire profits without holding physical property. According to Business Inside Africa, REITs provide diverse opportunities to investors, primarily in the market niches.…

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KumKang Kind is also collaborating with developers in Ethiopia, Ghana, and Algeria outside of Kenya's boundaries.

In his role as Business Development Director for Kumkang Kind East Africa, Sam Muhia advised the construction industry to be receptive to new ideas, such as using aluminium formwork as a construction component.

The building technology has been implemented by most western countries, according to Muihia, so that inhabitants can have affordable homes.…

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Real estate firm Broll evaluates Kenya office space

A creative approach to leasing deals is helping innovative landlords offset the challenges of high vacancies in an overstocked Nairobi office market, according to Broll Property Intel’s latest Kenya Office Market Snapshot H1:2019 report.

Despite variable economic markers, the macroeconomic fundamentals that contribute to the overall dynamics of the property market have remained largely stable in the first half of 2019 says Vivian Ombwayo, Broll Kenya’s Head of Research and Valuations.

While economic growth brings with it an associated increased demand, there still remains a significant amount of A-grade office space available for tenants to choose from in the market. In such a competitive environment, landlords are recognizing that they need to offer attractive terms to secure good quality tenants, while corporates with professional representation are realizing the choice and power they have at the negotiating table.

Ombwayo says that as a result of increasingly attractive leasing terms offered, A-grade …