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Kenya Real Estate Sector Research Highlights

Kenya Real Estate Sector Research Highlights
Overview

Amid urban population growth, planners strive to create efficient spaces
OBG
plus

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural dwellers. The UN estimates that by 2030 urban areas will…

Overview

Kenya makes progress on the construction of cross-country transport works
OBG
plus

Kenya’s construction sector experienced slower growth in 2017 than in previous years, owing in part to uncertainty surrounding the contested August general elections, which translated to no major government-led infrastructure projects being announced in the second half of the year. However, while the construction sector grew by less than the 9.8% recorded in 2016, healthy expansion of 8.6%…

Overview

Kenya's construction sector to make a comeback after a period of slower economic activity
OBG
plus

The domestic real estate environment in 2017 was shaped by slower economic growth as compared to 2016, stagnating prices and shifts in the retail scene. The Kenyan property market experienced strong performances in 2014-16, with high occupancy seen in the office segment, in particular. However, both commercial and residential real estate activity declined in 2017, with marginal performance…

Chapter

The Report: Kenya 2018: Construction & Real Estate
OBG
plus

Kenya’s construction and real estate sectors experienced slower growth in 2017 than in previous years, owing in part to uncertainty surrounding the contested August general elections, which translated in part, to no major government-led infrastructure projects being announced in the second half of the year. However, while the construction sector grew by less than the 9.8% recorded in 2016, healthy…

Country Report

The Report: Kenya 2018
OBG
plus

As the largest economy in the EAC and COMESA in terms of GDP, Kenya has positioned itself as a major economic power in sub-Saharan Africa. Traditionally a largely agrarian economy, Kenya has quickly entrenched its position as a manufacturing, logistics and technology hub in the region, and this diversification forms a solid platform from which the government can generate economic growth over the c

Interview

Mucai Kunyiha, Chairman, Kenya Property Developers Association: Interview
OBG
plus

Interview:Mucai Kunyiha How can government and construction companies come together to implement the Big Four agenda? MUCAI KUNYIHA: There are various opportunities for the private sector to work with the government to achieve the agenda’s housing goals. On one side, the public sector is in charge of the development of the counties’ spatial and urban master plans, as well as different incentives…

Analysis

Kenyan real estate to benefit from increased low-cost housing and healthy credit growth
OBG
plus

Bridging Kenya’s affordable housing deficit was one commitment made by President Uhuru Kenyatta when he announced his Big Four agenda in 2017. Specifically, a goal was laid out to add up to 500,000 affordable housing units to the nation’s stocks during this second term in office, which ends in mid-2022. The policy could prove to be a key driver of change, according to Palkesh Shah, director…

Economic News

Kenya launches first phase of affordable housing initiative
OBG
plus

A plan to increase the availability of low-cost housing, combined with improving credit conditions, is expected to support gains in Kenya’s property market in the near to medium term. In January the government said it had shortlisted 35 private construction firms to participate in the tendering process for a pilot project for its KSh2.6trn ($25.7bn) affordable housing programme. The trial scheme…

Economic News

Demand grows for industrial real estate in Kenya
OBG
plus

Rising demand for industrial space in Kenya is shoring up the non-residential component of the country’s real estate sector, at a time when the office and retail segments appear to be moderating after recent increases in supply. According to a study released by property consultancy Knight Frank in April, Kenya’s industrial property market has gathered strength in the past two years, with rents…

Analysis

A growing population and urbanisation feeds Kenya's cement industry
OBG
plus

The story of cement in Kenya in the last five years largely tracks that of the construction industry in general. As the government has announced a raft of infrastructure projects and the construction sector has experienced double-digit growth, so has the consumption of cement shot up. However, unlike many markets that are experiencing a construction boom, in Kenya there has been little pressure on…

View More
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