Real Estate

Nairobi’s most expensive, cheapest estates

Nairobi’s Gigiri suburb is home to the most expensive houses in the capital as Kitengela emerged as the least expensive neighbourhood in the three months to March, a new survey shows while also indicating that on average, property prices fell for the first time in over a decade. On average, homes cost about Sh119.3 million in Gigiri, which neighbours the United Nations complex, while stand-alone...

Why are investors betting against shopping centres?

While the troubles facing well-known retail names on the UK's High Streets have been much publicised, the plight of landlords has received less attention. However, two of the UK's biggest retail landlords have seen a combined £573m wiped off the value of their shares this year. Hammerson and Intu, which own huge shopping centres, have had their rental income squeezed as shops try to share some of...

10 False Assumptions People Make About Real Estate Agents

Everyone either knows a real estate agent, or is connected to one through six (probably less) degrees of separation. Between friends and relatives, and the stereotypical representation of real estate agents on television and in pop culture, the general public has adopted some assumptions about agents that are very far from the truth. Here are ten things that people assume about real estate agents that...

Multibillion-shilling housing deal that will see the construction of 100,000 homes for the poor.

President Uhuru Kenyatta’s administration has yet again inked a multibillion-shilling housing deal that will see the construction of 100,000 homes for the poor. This is the second housing deal to be secured by the government in a week, having received another support from a Singaporean consortium. The deal between the State department for Housing, United Nations Office for Projects Service (Unops)...

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