What's Hot

    MENA startups raise USD 1.8 billion in first half of 2022

    July 7, 2022

    DMCC: UAE ranks second in global commodity trading hubs

    July 6, 2022

    AD Ports to acquire majority stakes in Egyptian maritime firms

    July 5, 2022
    Gulf Africa ReviewGulf Africa Review
    • Industry
    • Infrastructure
      1. Airport
      2. Hospitality
      3. Ports
      4. Power
      5. Rail
      6. Roads
      7. Transport
      Featured

      Osun seeks to capitalise on infrastructure momentum

      Infrastructure May 21, 2018
      Recent

      AD Ports to acquire majority stakes in Egyptian maritime firms

      July 5, 2022

      MSG Group invests USD 60 million to build cement plant in Somaliland

      July 1, 2022

      ACWA Power consortium signs agreement for 1.1 GW wind project in Egypt

      June 23, 2022
    • Business & Trade
      1. Agri-Business
      2. Entrepreneurship
      3. FDI
      4. Legislative
      5. MEA
      6. Telecoms
      7. Properties
      Featured

      Analysts predict bullish future for Nigeria’s REITs market

      Business Business & Trade January 21, 2018
      Recent

      DMCC: UAE ranks second in global commodity trading hubs

      July 6, 2022

      Abu Dhabi Exports Office signs financing deal to enhance trade with ECOWAS states

      June 30, 2022

      Bahrain hosts Egyptian delegation as trade soars

      June 29, 2022
    • Finance
      1. Banking
      2. Islamic finance
      Featured

      MENA startups raise USD 1.8 billion in first half of 2022

      Business Entrepreneurship FDI Finance Innovation July 7, 2022
      Recent

      MENA startups raise USD 1.8 billion in first half of 2022

      July 7, 2022

      PaySky to launch digital payment solutions in the UAE

      July 4, 2022

      Abu Dhabi Exports Office signs financing deal to enhance trade with ECOWAS states

      June 30, 2022
    • Innovation
    Gulf Africa ReviewGulf Africa Review
    Business

    Kenya’s prime market expected to recover in H1 2018

    Recovery in sight for the Kenyan capital’s prime property market, according to Knight Frank report
    February 1, 20182 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Nairobi’s prime residential market is likely to recover in the first half of 2018, according to Knight Frank’s recently published, ‘Inside View Kenya 2018.’

    Highlighting the city’s impressive growth between 2010 – 2012 which reached levels of 30% per annum, and subsequent price correction, the U.K-based property consultancy and brokerage speculate that an end of political uncertainty in the wake of the recent national elections will draw a close to a period of moderate growth, which will likely increase in line with a growing appetite amongst foreign investors who are turning their sights towards the country’s ‘maturing market’. According to Knight Frank’s Wealth Report 2017, 4% of global high-net-worth, “look to own homes in Kenya, led by the UK’s HNW population, 63% of whom express interest in Kenyan property, followed by 16% of South African HNWIs and 11% of Spanish, Mauritian and US HNWIs.”

    On the coast and in the bush, buyers will be drawn by their hearts as much as their heads – and as history has shown, little will stop them.

    Outside of the country’s political stability, there are several other factors that support growing confidence in its prime market ranging from a bullish projected GDP of 5.8%, an urbanisation rate of 4.3% as well as positive investment trends from major foreign firms, in particular, those from China. According to Charles Macharia, senior research analyst, Knight Frank Kenya, “Our outlook for Kenya remains positive in 2018. Government regulations, infrastructure spending (to meet the country’s Vision 2030 goals), combined with a growing realisation amongst developers that there is a need to phase project launches in line with demand, leads us to believe the real estate market has become more mature and resilient.”

    According to Knight Frank Kenya’s managing director, Ben Woodhams, “There is optimism that the market will pick up in 2018, however, Nairobi is a key regional centre that offers a good prospect for investors, and Kenya’s relations with its neighbouring countries has never been better. On the coast and in the bush, buyers will be drawn by their hearts as much as their heads –  and as history has shown, little will stop them.”

    To download the full ‘Inside View Kenya 2018’ report, please visit: http://www.knightfrank.com/publications/inside-view-kenya-2018-5201.aspx

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Previous ArticleSSA Investments signs MoU with Ugandan trade minister for cotton revival
    Next Article Osinbajo: You can bet on Nigeria’s future, set up factories here now.

    Related Posts

    Business Entrepreneurship FDI Finance Innovation

    MENA startups raise USD 1.8 billion in first half of 2022

    July 7, 2022
    Business & Trade Commodities

    DMCC: UAE ranks second in global commodity trading hubs

    July 6, 2022
    Business Infrastructure Ports

    AD Ports to acquire majority stakes in Egyptian maritime firms

    July 5, 2022
    Add A Comment

    Leave A Reply Cancel Reply

    LATEST STORIES

    MENA startups raise USD 1.8 billion in first half of 2022

    July 7, 2022

    DMCC: UAE ranks second in global commodity trading hubs

    July 6, 2022

    AD Ports to acquire majority stakes in Egyptian maritime firms

    July 5, 2022

    PaySky to launch digital payment solutions in the UAE

    July 4, 2022

    MSG Group invests USD 60 million to build cement plant in Somaliland

    July 1, 2022
    • Business
      • Agri-Business
      • Entrepreneurship
      • FDI
      • Legislative
      • MEA
      • Properties
      • Telecoms
    • Infrastructure
      • Airport
      • Hospitality
      • Ports
      • Power
      • Rail
      • Roads
      • Transport
    • Finance
      • Banking
      • Islamic finance
    • Commodities
      • Agri commodities
      • Metals & minerals
      • Precious metals
    • Culture & Society
      • Education
      • Energy
    GAR logo
    © GulfAfricaReview.com 2014-2022, All Rights Reserved.

    Gulf Africa Review is a trade news and future networking platform for businesses leaders and trade organisations, established to first inform and secondly assist in facilitating the ongoing business and trade relations between the Gulf Cooperation Council countries and Sub-Saharan Africa. We aim to provide an apolitical voice for this channel of economic activity in a way that benefits both geographies by improving the availability of information about market events, developments and opportunities, while publicising the successes achieved by this ever-broadening regional relationship.

      Subscribe to our newsletter

      Type above and press Enter to search. Press Esc to cancel.