×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

2016 bad year for property developers, says report

2016 was not a good year for property developers in Nairobi as a number of residential and commercial spaces went unoccupied.

According to property consultancy Knight Frank, the property market experienced an oversupply for the larger part of the year with developers’ returns on investment shrinking.

Get Full Access for Ksh299/Week.
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in