Report: Nairobi’s prime residential market poised for growth

Nairobi’s prime residential market set for 2018 growth

Nairobi’s prime residential market is expected to recover within the first half of 2018 as the wave of political uncertainty dissipates, ending a period of price correction experienced in 2016 and 2017, according to a Knight Frank Kenya report.

Among factors making Kenya an ideal investment destination include a projected 5.8 per cent GDP growth rate in 2018, rapid urbanisation at 4.3 per cent per annum versus a global average of 2 per cent, an expanding middle class, and positive demographics such as high population growth at 2.6 per cent annually.