Property for sale in Nairobi

Views on the Nairobi real estate :

Most real estate agents and Managers will bear me witness that the general property market had become stagnant by the end of last year. Similarly the level of trading activity at the Nairobi stock exchange had hit rock bottom. However as soon as the elections were over and a new government in place, trading activity at the stock market increased almost instantly. This did not happen in the property market. Since real estate decisions take time to make and involve large capital outlays one may understand why the activity did not pick instantly. Another explanation to this is the lag period that is expected after a change in economic factors before any tangible effects are recorded in market activity.

By the end of April some improvements in specific property market sectors in Nairobi, had been recorded.

Demand of low income residential properties in Nairobi outstrips the supply. The deficit is so large that even shanties attract rent. The new government has pledged to provide at least 150,000 new housing units every year. It is our hope that these units will be targeted to serve this market. Even with this kind of development it will take many years before the deficit is eliminated due to the high rural-urban migration.