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Land and property sector updates

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Mortgage defaults hit Sh70bn, auctions jump

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Business Daily | by Patrick Alushula Defaults on mortgages jumped 48 percent to Sh70.5 billion in the year to March, pointing to widespread distress in...

Eight new Environment and Land Courts unveiled

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Nation | by Joseph Wangui Chief Justice Martha Koome has established eight new Environment and Land court stations, raising the number to 34. Eight judges will...

Real estate investors shift to warehouses on office blocks glut

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Business Daily | by Charles Mwaniki External real estate financiers are now directing their capital to Kenya’s industrial and logistics sector, avoiding the previously attractive...

NMS raises red flag on fake land titles

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Business Daily | by Collins Omulo Nairobi Metropolitan Services (NMS) Director-General Major General Mohamed Badi has raised concern over fake title deed “merchants” derailing ongoing...
court ruling

Court allows repossession of land where Sh240m luxury hotel sits

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The Standard | by Kamau Muthoni The Supreme Court has upheld a decision by the Court of Appeal that found a five-star hotel at the...

Step up access to adequate housing, Supreme Court tells State

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Nation | by Joseph Wangui The Supreme Court Friday faulted the government for the slow progress in implementing citizens’ right to accessible and adequate housing,...

Rent for office space to decline in 2021 due to oversupply – Report

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Kenyan Wall Street | by Jackson Okoth Rent for office space is expected to decline to US$ 8.7 per square metre (KSh 939.60) in 2021...

Kenyans show little interest in investment trusts, prefer do-it-yourself projects

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The Standard | by Graham Kajilwa It might be the pride that comes with owning property but despite several managed investment products in the market, it appears Kenyans prefer to...