Housing
Nairobi working classes suffer soaring rents, as high interest rates dampen construction industry
By Ben Kinyanjui
House rents in Nairobi have risen 20 per cent in the last two years forcing workers to seek cheaper shelter in the outskirts of the city. 
Rents in upper market fall as workers seek cheaper shelter in the outskirts
The situation is worsened by the existing high interest rates that have slowed down construction of new housing units to meet the ever rising demand for housing in major urban areas.
Migaa green community introduces property exchange concept that is likely to excite the market
By Today Financial News Reporter
The Migaa green community in Kiambu has unveiled a completely novel life-time housing model allowing any Migaa resident to upgrade, or downgrade their houses.
A home owner can exchange his house across the range from two-bedroom apartment to five-bedroom villa, as their family needs change over the years.
Housing boom continues despite the slow economic growth
By Today Financial News Reporter
Despite the predicted slow down in the real estate sector, a Sh30 billion housing project has been unveiled in Athi River, 28 kilometers from Nairobi Central Business District.
Gated housing projects are becoming popular with investors
Iluluwe gated community housing project that is situated on a 1000 acre piece of land along Athi River will be a top residential facility nestled around a 18 hole golf course, top flight hotel, an ICT centre and a world class care facility.
Equity Bank enters into financing agreement with Mabati Mills to boost low cost housing
By Ben Kinyanjui
Equity Bank has entered into a financing agreement with Mabati Rolling Mills (MRM) to provide steel materials to build low cost houses.
Equity Bank CEO Mr James Mwangi says mortage portfolio growth is good
The joint partnership allows salaried individuals and entrepreneurs with a monthly income of at least Sh20, 000 to access an empowering micro mortgage product designed to facilitate the erection of low cost housing units using steel structures manufactured by MRM.
Building sector growth slows down during the first half of the year
By Ben Kinyanjui
Growth in the multi-billion shilling building and construction industry slowed down during the first six months of this year due to high inflation and weakening shilling.
Housing minister Soita Shitanda says construction industry hit by high inflation rate and weakening shilling
Housing minister Soita Shitanda says cement consumption that is a key indicator of activity in the sector declined by 6.5 per cent to 256,326 tonnes in June compared to 274,073 in June last year.
High inflation rate forces workers in most urban centres to seek cheaper housing
By Ben Kinyanjui
High inflation rate has forced workers in most urban centres in the country to seek cheaper housing in the outskirts, says Hass Property index report for the third quarter of this year.
High inflation rate pushing workers to the outskirts
Also affected by the inflationary and currency pressures is the entire construction industry that has slowed down due to low demand for houses as well as high cost of building materials.
