Kenyan real estate boom no flash in the pan


13 September - Nairobi fastest growing real estate market in the world

Kenya&39;s real estate industry has been on the rise for the past decade and Nairobi is one of the most recognisable cityscapes in Africa.

It has survived predictions of a property bubble and continues to see investor interest.

For the past ten years Nairobi&39;s real estate market has been attracting interest from investors and despite a property bubble forecast in 2012, investors continue to see potential.

In its 2012 Wealth Report, Real Estate Management Company Knight Frank says, "Nairobi is the fastest growing real estate market in the world, outpacing cities like Miami and Monaco. With real estate prices rising 25% this makes it one of the top 10 cities to watch by global real estate firms.”

But just what is driving demand for property in Nairobi?

*Watch the video in the gallery above for more on this story. 

- eNCA