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Showing posts from October, 2021

KENYA REAL ESTATE NEWS

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The real estate sector contributed almost 7% of Kenya's GDP in 2019. This is expected to fall in 2020-2021 due to the effects of the pandemic as it has ravaged the country and the world at large. Within Nairobi, the property prices have been affected.  Kilimani recorded the highest price drop in rental spaces at 2.8% while Upper Hill and Westlands followed with drops of 2.2% and 1.2%. This drop could be attributed to the movement of many people out of affluent neighbourhoods to more affordable areas in response to the economic challenges of the pandemic.  Apartments in Langa'ta registered the highest increase in rent prices at 3.6%, while rents in Parklands and Riverside also rose by 0.9% and 0.6% respectively.  Among Nairobi satellites, housing units in Donholm posted the largest jump in rent prices for the period under review, rising 2.2%. House rents in the high-end suburbs of Nyari and Muthaiga on the other hand, also rose by 1.6% and 1.7% respectively. According to Hass Co

Phenom Park Estate

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This is a spacious and luxurious 4 bedroom master en-suite townhouse located in the newly built estate of Phenom Park Estate, Langata.  Here are all the reasons you should be living in Phenom Park Estate:  1. It consists of the following: A spacious lounge and dining area, an open plan kitchen fitted with pantry, cabinets and cooker and chimney hood. The bedrooms are en-suite and fitted with inbuilt wardrobes. The master bedroom is en-suite with a walk-in closet and a terrace. There is an en-suite staff quarters and a laundry area.  2. The location- This townhouse is located in the very affluent suburb of Langata, only 10 kms from the City center. This location is perfect for you because living here you will be close to major shopping malls and the Wilson Airport. You also get easy access to major roads like Langata Road and the Southern Bypass. This estate is accessible by both public and private means. Living at this magnificent house, you get to experience magnificent views of the N