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Kenya construction boom outside Nairobi in Nakuru

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Kenya construction boom outside Nairobi in Nakuru Real estate boom spills over to more urban centres Kenya - Low cost housing apartments The construction boom in Kenya is spilling to urban areas outside Nairobi with Nakuru town, Kenya’s fourth largest urban centre and the fastest growing metropolis in Africa, the latest to attract an investment of 450 low-cost housing units. Milimani Holdings, a group of private investors, plans to spend an estimated Sh250 million in the construction, which is set to speed up development in the town recently named by UN-Habitat as Africa’s fastest growing urban centre. The initial phase of the project will comprise 160 housing units, clustered in 10 blocks of 16 flats each in the five-year project scheduled to start next year. “Nakuru is fast growing in terms of the attraction of professional services and skills, but the real estate sector has not been exploited to reflect the resultant demand from this influx,” Mr Edwin Gitau, an official w...

outlaw annual house rent

Rules set to outlaw annual house rent Dar es Salaam. Landlords in Dar es Salaam and other towns around the country may soon be barred from demanding a year’s rent from tenants if the proposed guidelines in a new national housing policy are endorsed. The long-running tradition, which forces tenants to either borrow or deny themselves to stringently save in order to raise 12 months’ rent, is one of the toughest challenges, especially for newly employed people, who can hardly accumulate the money to pay up. And working to the landlords’ .As part of a plan to seek solutions to the serious urban housing crisis, the government is drafting and will soon table for discussion by various parties, the new policy, which also seeks to stimulate investments and rescue overburdened tenants from profiteering house owners. Sources in the government told The Citizen on Sunday that among the issues being considered is a recommendation on the maximum period for which a landlord can demand rent upfro...

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