The real estate sector in Kenya has seen a boom that began somewhere in the mid to late 2000s because the property market is responding to increased demand.
In Nairobi, the capital and largest city of Kenya, there is one of the largest expatriate communities in the continent due to the significant number of multinationals who have chosen Nairobi as either their African hub or East and Central African hub.[1] The rebirth of property development in Nairobi has attracted global attention. In its 2012 Wealth Report, real estate management company, Knight Frank, ranked Nairobi as the fastest-growing real estate market[2] in the world, outpacing cities like Miami and Monaco.[3] Real estate prices in Nairobi rose 25 per cent between January and December 2011. Nairobi was also voted as one of the top 10 cities to watch by global real estate firm, Jones Lang LaSalle, out of 150 cities globally.[4]
- ^ "Why Kenya's real estate sector is robust". Retrieved 2 May 2016.
- ^ "Real Estate Market in Nairobi Is Picking up slowly in 2019". Retrieved 23 August 2019.
- ^ "Nairobi's Changing Skyline: Commercial Real Estate On The Rise". abacus.co.ke/. Abacus. 10 September 2014. Retrieved 11 September 2014.
- ^ "Real Estate Market Boom In Kenya 2018". hayerone. Retrieved 25 June 2018.
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