Kenya H2 2017 Report

Kenya H2 2017 Report

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Summary

•Kenyan economy slows down • Kenya shilling weakens against major currencies • Fahari I-REIT gets regulatory exemption on net assets • Prolonged electioneering impacts on real estate • Decline in absorption of office space • Prime commercial rents continue to stagnate • Prime residential prices decline marginally • Local and international hospitality chains open for business • Local supermarket chain Nakumatt closes several branches • National carrier Kenya Airways granted permit for direct flights to the US. • Retail chains make major moves in the shopping centre market • Industrial property sector’s growth continues apace.

Source: Knight Frank

Published: 2018

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