Apartment blocks rule the Nairobi property market
15 days ago, 11:18
Realtors invested heavily in development of highrise residential apartments located in upmarket areas in the just-ended year, continuing a trend of demolishing single-dwelling units. A report by the Kenya Bankers Association (KBA) released in November noted that 82.66 per cent of all housing units sold were apartments followed by maisonettes at 10.7 per cent and bungalows at 6.64 per cent. “The rise in the price of apartments compared to bungalows and maisonettes continues to signal an ele ...
Category: business news corporate lifestyle economy opinion markets