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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 ...
The economy of Kenya is market-based with a few state enterprises. Kenya has an emerging market and is an averagely industrialised nation ahead of its East African peers. Currently a lower middle income nation, Kenya plans to be a newly industrialised nation by 2030.
A real estate trend is any consistent pattern or change in the general direction of the real estate industry which, over the course of time, causes a statistically noticeable change. This phenomenon can be a result of the economy, a change in mortgage rates, consumer speculations, or other fundamental and non-fundamental reasons.
Real estate economics is the application of economic techniques to real estate markets. It aims to describe and predict economic patterns of supply and demand . The closely related field of housing economics is narrower in scope, concentrating on residential real estate markets, while the research on real estate trends focuses on the business ...
By comparing current levels to previous levels that have proven unsustainable in the past (i.e. led to or at least accompanied crashes), one can make an educated guess as to whether a given real estate market is experiencing a bubble. Indicators describe two interwoven aspects of housing bubble: a valuation component and a debt (or leverage ...
The land on which Tatu City sits was originally part of the Belgian Socfinaf coffee farm previously known as Tatu Estate before being acquired by Rendeavour in 2010. [15] This is the same case with Northlands City and Kahawa Sukari tracts of land also in Ruiru which were originally owned by Socfinaf prior to being sold to new owners in the post ...
Kileleshwa is a residential neighbourhood in the city of Nairobi.It is located approximately 5.2 kilometres (3 mi) from Nairobi's central business district.The neighbourhood was originally a low-density leafy suburb but after a change in zoning regulations in the early 2000s, there has been significant mushrooming of high-rise flats in the area.
The relative availability and comparatively reasonably priced land in the area attracts business and residential real estate development, away from the relative lack and exorbitant pricing of real estate in Nairobi's central business district, to the south of Parklands. Parklands has a significant population of people of Asian descent. [3]