× Business BUSINESS MOTORING SHIPPING & LOGISTICS DR PESA FINANCIAL STANDARD Digital News Videos Health & Science Lifestyle Opinion Education Columnists Moi Cabinets Arts & Culture Fact Check Podcasts E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS E-Learning Digger Classified Jobs Games Crosswords Sudoku The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS
×

Buyer interest rises as residential prices stabilise

REAL ESTATE
By Ferdinand Mwongela | June 18th 2015

Luxury house prices in Nairobi fell slightly in the first three months of the year, according to the Knight Frank Prime Global Cities Index for the first quarter.

The quarterly report, ranking prime residential markets in 35 cities worldwide, shows Nairobi recorded a one per cent decline in luxury house prices between December 2014 and March 2015.

Supply of high-end homes slightly exceeded demand, mainly due to developers responding to the upbeat foreign investor interest that Nairobi has witnessed in the past few years, in addition to an expanding pool of local high-net-worth individuals seeking to buy trophy homes.

Share this story
Safaricom scheme to build mall in Machakos
Safaricom Staff Pension Scheme (SSPS) has broken ground for the construction of a mall dubbed Crystal Rivers and a residential housing project.
Survey: Why 40 pc of workers want to quit their jobs
More than half of 18 to 25 year-olds in the workforce are considering quitting their job. And they are not the only ones.
.
RECOMMENDED NEWS
Feedback