Billions lost as Nairobi regeneration downs buildings

Billions lost as Nairobi regeneration downs buildings

The demolition exercise being spearheaded by the National Environmental Management Authority (Nema) continued unabated Wednesday morning with the Ksh 1 billion South End Mall on the junction of Lang’ata/Mbagathi Road being the latest to go down. The building, which is built on riparian land has been the subject of controversy for many years, and was […]

Cytonn report reveals towns with best returns on real estate

Cytonn report reveals towns with best returns on real estate

Real estate sector in Nakuru Town has recorded the lowest rental yields among selected cities and towns in Kenya, with an average rental yield of 6.1%. This is in comparison to Nyeri, Mombasa, Nairobi, Kisumu which recorded 8.6%, 8.4%, 8.1% and 7.8% respectively., Cytonn Investments says in its Real Estate Investment Opportunity Report that the […]

Property returns in a near triple as rents begin to rise

Property returns in a near triple as rents begin to rise

The double digit growth in total returns is driven by rent escalations as landlords are taking the opportunity to charge higher rents following a return to confidence in the property market Returns on property tripled over the quarter buoyed by rental increases in the semi-detached market in the second quarter of 2018, according to a Hass […]

KRA Goes for Rental House Owners in Its Latest Crackdown on Tax Cheats

KRA Goes for Rental House Owners in Its Latest Crackdown on Tax Cheats

The Kenya Revenue Authority (KRA) is now going for house owners who have not been filing tax returns from their rental income. In its latest crackdown on tax cheats, the taxman has asked developers to supply it with information on customers who purchased houses from them. KRA said it had established that several homeowners have […]