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Nairobi’s real estate sector slows by 16pc

Close up of plans and digital tablet on building site

The value of building plans approved by the county government of Nairobi dropped by 16 per cent in the first five months of this year compared to the same period in 2016.

Total value dropped to Sh105.7 billion from Sh126.3 billion last year, pointing to slowed construction activities this year. The reduction could be attributed to heightened political campaigns that have seen investors hold back their cash.

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