Category Archives: Research

Nairobi’s priciest home up for sale at Sh565 million

Set on a ten-acre estate, the Hogmead residence is now one of the priciest commodities in Kenya’s residential property market, confirming the growing status of Kenya as a prime real estate location in eastern Africa.

Its owners — Fuzz and Bimbi Dyer, and Andy and Caragh Roberts — had turned Hogmead into a 12-room boutique hotel whose main room cost Sh42,000 a night. The hotel, run by The Safari Company, was indefinitely closed in October 2013 and listed with Knight Frank around the same time. The Dyers and Roberts also own and run the luxury Manda Bay resort hit by cancellations after the kidnapping of an elderly French woman in 2011.

State of Real Estate in Kenya 2014

The Market is one a bounce back after stagnation from the year 2013.  More developments are popping up with very competitive prices in the market. According to the Hass Index first quarter 2014 report property prices are bouncing back after a dip of second half of 2013. Apartments registered the highest price bounce of 2.3% on Q4 2013. Rents also registered a strong growth but at a slower rate than previously.

DEMAND FOR HOUSING & OFFICE SPACE

Data from the National Housing Corporation estimates the housing deficits to be between 100,000 – 150,000 units per year in Nairobi alone. The population in Nairobi is projected to almost double by the year 2030 and the shortfall might grow to up to 1.6 million.

Kenyans go for cheaper second-hand houses

Kenyans seeking to own homes are turning to second-hand houses as the prices of new units continue to rise. Used houses have become an easy route to home ownership, especially for first-time buyers who do not have the financial muscle to buy new properties that go for as high as $117,418 for three-bedroom units. The second-hand houses are being sold in middle-income estates in Nairobi where the gated community concept was pioneered. The estates include Buru Buru, Komarock, South B and C, Embakasi, Madaraka and Langata. Those wheo are selling the houses are first time owners to new residential areas. Some of them have stayed in the estates for over a decade.

Proposed laws to revamp housing sector

Real estate is warming up to a new dawn following proposed laws aimed at giving the sub-sector a new lease of life, writes HAROLD AYODO

A section of realtors are hopeful after the Cabinet recently approved the Built Environment Bill (2012) to restore sanity in the vibrant construction industry. The built environment relates to the design, construction and maintenance of residential and commercial buildings. The National Building Maintenance Policy 2012 is another set of new regulations seeking to streamline the multi-million shilling sub-sector.

Design a den for your teenagers

With Christmas coming and your loved ones returning from college or university is it time to create a place of their own for them to sleep, study and surf the internet. Kenyan students are amongst the hardest working and they deserve a space to lounge and a desk for homework or gaming sessions.

Thika Superhighway Mega Investments

“Garden City” a landmark in East Africa real-estate
The completion of the 12-lane Thika Superhighway has opened up exciting opportunities for developers, retailers, home-buyers and investors. This efficient new piece of infrastructure has significantly reduced travel times into central business district and has allowed people to live, work and shop much farther away from traditional, congested nodes.

Buy-to-let gains recovering as mortgage prices fall

  • Mortgage rates have dropped sharply in the last two months
  • The best mainstream mortgage offer is now Barclays at 15.5 per cent
  • The highest mainstream mortgage offers are now from National Bank and Chase Bank at 22 per cent

Which goose will lay golden eggs for investors in 2013?

The house prices in Kenya have increasingly become expensive to home buyers. The high end sector houses targets the cash buyers who can easily afford it while the low-end sector prices are unaffordable to most people. However, the middle-end pricing is good but interest rates are too high.

What is the environmental benefit cost analysis of building a highway through the Serengeti Park?

That place is the Serengeti, a World Heritage Site and home to the largest land migration of wildlife in the world.The people of Tanzania have protected the Serengeti for the role it plays in their culture since the birth of their country. Now their government plans to sever it with a 31-mile, two-lane highway.

For those of  who are used to the six-lane highways in first World Countries stretching thousands of miles across for example: -the U.S., one little road might not seem like a big deal. However, this project has been mapped out right across the migration path of over a million wildebeest and other animals.

Wildebeest numbers will plummet if they can’t reach the Mara River in Kenya, impacting the food chain from the top down. Lions and other predators would face a food shortage. Without wildebeest grazing to maintain the grasslands, leading biologists warn that grass fires could destroy the region and turn it into a source of carbon emissions.

Despite the potential for ecological disaster, there has been scant media attention about the planned road. One of the few bright spots is the group Save the Serengeti, which is using Change.org to mobilize thousands of people within Tanzania and across the world to stop the road’s construction.

Has Tanzanian Government forgotten the Kenyan Mau Forest landscape that has more than damaged the biodiversity of the wild animals,plant flora and water table and lastly affected the agricultural land plantations, chased rainfalls, diminshed the amount of precipitation into river Nile.

The Serengeti Biodiversity Saga will be terrible to both the indigenous people of Tanzania especially the Masai and the the usual benefits from Tourism.The construction may look lucrative and job creation bringing to the locals but in the long time run the total environmetal damage to the animals,birds,plant flora, water catchment table and the SERENGETI PANOROMA TASTE will soon evade way slowly.

After the construction of the highway there comes the Wildlife Maffia to porch at night and carry the whole loot through the night, will Tanzania control the uncontrollable porchers and drug traffickers through the main highway? No.

What Tanzania wants to do in Serengeti is what had been experimented in Kenya Parks but failed. We environmentalists refused especially when they wanted to build shycrapers at the sites of wonderful Uhuru Park in Nairobi, during the MOI presidential tenure.The Noble Lurate Wangai Mathai did organize very successful demonstrations of women peacefully severally, though our ladies were beaten by police but they cursed the AUTHORITY culturally by showing the inner natural attire,they had not always seen in public.

That was the time things started to fall apart in such useless white elephant projects in East Africa. Generally those useless so-called lucrative projects not paying to the Tanzanian Government citizens of the country should not be built at the proposed SERENGETI SITE because of BIODIVERSITY.

The highway infrastructure investment is very good for the Tanzanian country and East African Community as a whole but should instead be built in an environmental sustainable friendly development site that is profitable to the country and even in the long run the nice natural biodiversity species and beauty will not depleted in the short time period by porchers.

This SERENGETI WILDLIFE HIGHWAY PROJECT CONSTRUCTION IS NOT VIABLE NOW AND SHOULD BE REJECTECTED IN ITS TOTALITY. This is the time for IUCN to launch an appeal to stop the highway construction in Tanzania.

By PROF. MOSES ISAAC ODHIAMBO (EU)