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Browsing: real estate in Kenya
- 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 …
- 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 …
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 …