Real estate in Kenya

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.

Source: BusinessDaily The report noted that inflows from Kenyans in the diaspora are particularly significant in driving the prices and that the cost per square metre of land in Nairobi and Mombasa is still lower than other cities such as Monaco.

[7] [8] Source: KnightFrank Greater Nairobi consists of 4 out of 47 counties in Kenya but the area generates about 60% of the nation's wealth.

Some of the firms include but are not limited to: General Electric, Google Africa headquarters, Intel Corporation, LG and Standard Chartered Plc.

It also has the Village Market, which targets the expat community in Nairobi and hosts the International Civil Aviation Organization Base for Eastern and Southern Africa.

[14][15] Konza Technology City dubbed "Africa’s Silicon Valley" will be the single largest property development ever done in Kenya.

It is going to host the technology city as part of many programmes that aim to steer Kenya into middle income status.

[16] With the recent completion of the expansion of a Thika road connecting Core Nairobi to Kiambu County, there has been a lot of property development happening like Mi Vida Garden City Apartment with the most significant being.

[18] There are many residential neighbourhoods that host people who work in Nairobi examples are Ngong, Kitengela, Kiserian and Ongata Rongai.

Prime land in Mombasa is up for grabs as a property boom like the one witnessed in the 1970s continues to push up home prices in the coastal town.

It will offer apartment living in the comfort, luxury and security of a hotel and will be managed by Pinewood Village Beach Resort.