Apartment prices in Kenya continue to drop
Soft prices follow an increase in the construction of apartments in recent years...
✨ Key Highlights
Apartment prices in Kenya have continued their decline for the fourth consecutive quarter, dropping by 3% in the year to March, as an oversupply of flats contrasts with rising demand for standalone homes.
- Apartment prices have fallen for 13 out of the last 15 quarters.
- The Kenya National Bureau of Statistics (KNBS) reported that the cost of maisonettes, bungalows, and villas rose by 8.5%.
- In Nairobi, apartment prices in high-end estates fell by 4.8%, and by 3.3% in middle-income areas.
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KRA Nets Record Sh2.8 Trillion in Tax Collections - July 2026
The Kenya Revenue Authority announced record tax collections of Sh2.844 trillion for the financial year ending June, driven by strong performance in the manufacturing and energy sectors. Despite surpassing last year's collections by 10.6 percent, the KRA narrowly missed the Treasury's target. At the same time, apartment prices in Kenya have continued their decline for the fourth consecutive quarter, dropping by 3 percent in the year to March, as an oversupply of flats contrasts with rising demand for standalone homes. Separately, the Sacco Societies (Amendment) Bill, 2025, is currently under consideration in the National Assembly, aiming to strengthen the regulatory framework for Saccos and protect members' savings.
