Article: What awaits real estate landscape in post-Covid era – Ibrahim Mwathane

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Share      [Source: Business Daily, by Ibrahim Mwathane] It’s evident that the real estate sector will change during and post-Covid19. In many ways! Comparing notes lately, a colleague for instance mentioned how he has been trying to move his stock of property. He even offered generous price concessions. But no one jumped at it, he mentioned. I…


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Report: Rents fall as low demand slows down city land prices – HassConsult

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Share      [Source: Business Daily, by James Kariuki] Rents dropped and land prices eased in Nairobi and the surrounding counties of Kiambu, Kajiado and Machakos in the first three months of the year with effects of the coronavirus pandemic expected to further hurt the property market on reduced demand. HassConsult, which conducts a quarterly property pricing index…


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Property market loses Sh60 billion to flooding

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Share      [Source: The Standard, by Mwangi Muiruri] Major stakeholders in the property sector are warning that the continued flooding in major towns and cities could see developers count huge losses estimated at Sh60 billion annually. This presents new challenges to the real estate sector occasioned by increased costs that eat into the developers’ profit margin, as…


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