The drop in prices has reportedly been attributed to continued oversupply, as large numbers of new properties flood the market in the high-end residential market.
Real Estate on the Decline Despite Key Foreign Investment
Nation, 9 June 2019
Nairobi has dominantly enjoyed foreign direct investments across all real estate segments in the past decade but that now appears to be fast ebbing away. Read more »
Report - House Prices in Nairobi Dropped By 2.8%
Nation, 8 June 2019
The prices of houses in Nairobi Metropolitan dropped in the first quarter of 2019 since 2013. Read more »
Nairobi's Luxury Homes Prices Continues to Soften
Capital FM, 6 June 2019
The Prime residential prices in the Capital City has slid by 6.5% in the 12 months to March 2019, according to the Knight Frank Prime Global Cities Index for the first quarter. Read more »
A four-bedroom house in Runda Paradise, a gated community near Runda Estate.
The project, River Bank Apartments, will see 3,000 units comprising eight blocks with 34 storeys each put up for low and middle income earners in line with the government's ... Read more »
An oversupply of high-end homes has forced developers to sell the properties at lower prices, while a relatively unfavourable economic environment has also affected demand. ... Read more »
Agriculture, which is the country's economic backbone, remains a key driver of growth in most counties with the exception of Nairobi and Mombasa, according to a new report. It ... Read more »
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