Landlords setting rent in dollars
A number of prime office space landlords in Nairobi are now setting rent prices in dollars.
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A number of prime office space landlords in Nairobi are now setting rent prices in dollars.
House prices dropped by the biggest margin in the quarter to December in over four years.
A Business Daily analysis of data covering the past five years shows that at least seven of the high-end suburbs in Nairobi have lost value by up to 11 percent.
The value of land surged by a high of 9.49 percent in the year to September due to better accessibility in the towns through improved infrastructure.
Two buildings collapsed last week in Kiambu and Kajiado counties, renewing blame game between developers and counties.