The Changing Face of Kenya’s Real Estate

The cost of owning a home has in the past decade spiralled out of control leaving prospective buyers chasing a dream that is now no more than a mirage for most urban dwellers, especially in Nairobi.

But amid the diminishing prospects of the average worker ever becoming a home owner, a new housing project unveiled by the state last week offers potential buyers a peek into the totally disjointed property pricing.

While the project is developed exclusively for government employees in the middle level cadres, the home prices offer a rough guide on the construction costs and possibly an eye-opener for prospective home buyers scouring the market for the best property deals.

Read the full story here.

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