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Stanlib set to list Sh3bn property fund on the NSE

Asset manager Stanlib Kenya has set aside a Sh3 billion war chest for acquiring property that will be converted into a Real Estate Investment Trust (REIT) for listing at the stock market. Read more...

 
Financing infrastructural development through public investment on Land

Land in Kenya has been known to be an emotive issue owing to the history of ownership and acquisition shrouded in underhand and fraudulent dealings. The action by the Ministry of Lands, Housing and Urban Development to digitize land parcels and clean up the registry is a sure way to pave way for transparency and accountability in terms of ownership, acquisition and tenure status. Read more...

 
Over 70pc of Kenyans finance homes from personal savings

Over 70 per cent of Kenyans finance construction and acquisition of their homes through personal savings, a newly released housing price report indicates. The Kenya Bankers Association (KBA) Housing Price Index (HPI) says only 28 per cent of Kenyans finance homes and acquisition using bank loans, out of which only six per cent prefer mortgages. Read more...

 
Mombasa Property Market Poised for Recovery

REAL estate developers in Mombasa are predicting a 30 per cent increase in property prices this year, following stability in the market in 2014. According to some developers, enquiries for properties at the Coast have risen compared to the same time last year. The increased enquiries signify that clients' perception of the region,which has been struggling with insecurity in the last two years, has improved, developers said. Read more...

 
Why Eldoret is experiencing a Devolution revolution

For the past 15 years, Alfred Kiptanui has paid less than Ksh 4,000 for his one-bedroom house in Mwanzo Estate, Eldoret town, Uasin Gishu County. Not even the flaking off of its roughcast walls that have withstood the test of time ever convinced him to shift to a different house. But the father of three who works as a driver at one of the mushrooming industries in Eldoret shifted five months ago to a single room after his landlord issued him a notice, alongside other tenants, to vacate and pave way for renovations that would result in increase of rent to Ksh 8,000 per month. Read more...

 
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