A look at what lies in store for real estate this year

How will the real estate sector perform in 2016? After registering mixed fortune in 2015, players are hoping that the New Year will bring good tidings to the property industry. Already, pundits are saying that all indications are that the sector will continue on an upwards trajectory owing to the huge demand for housing by the rising middle class in the country.

The government’s plan to reduce the country’s annual housing deficit that stands at about 300,000 continues to face financial and policy challenges. The continued presence of multinationals in Kenya will also see a need for more Grade A offices.