Kenyan builder bets big on low cost housing market

Property developer Kenya Projects is having a big bet at the lower end of the housing spectrum, with 100 low cost houses that are under construction in Shanzu – a suburb of Mombasa. The firm says it has already sold…
Kenya’s low cost housing boom gathers steam

A low cost housing boom is gathering pace in the country as property developers and financiers begin to shift their focus to this market segment, which was previously seen as unprofitable. Following a glut in the high-end segment, investors are…
Prefabs steel homes come stylish and affordable

Kenyans are increasingly investing in prefabricated steel houses as demand for truly affordable housing in the country continues to rise. According to Eco-Steel Africa, a local steel construction firm that deals with prefabricates, steel prefab houses are “stealing” the hearts…
Major changes loom as Kenya adopts Eurocodes

The Kenyan construction is industry will undergo drastic changes as the State moves to adopt new European building standards and codes. Dubbed Eurocodes, the new set of rules will provide a common reference point for all contractors and consultants –…
High-end homes glut hits Nairobi property market

A low cost housing boom is gathering pace in the country as property developers and financiers begin to shift their focus to this market segment, which was previously seen as unprofitable. Following a glut in the high-end segment, investors are…
Nairobi house prices slow amid weakening demand

Knight Frank has reported that the rise in Nairobi house prices is slowing down as sellers continue to lower expectations. According to the Knight Frank Prime Global Cities Index, prices of luxury homes in Nairobi rose 1.5 per cent in…