By Christine Akinyi,
As per various reports the real estate sector contributed almost 7% of Kenya’s GDP in 2019. There were 434 registered estate agents in March 2020, the same as in 2019, and an estimated 40,000 unregistered agents. The majority of players are privately-owned estate agencies and property developers, and there are a number of international companies operating in the country. Last year marked an increase in real estate investments once people started going back to work following the Covid-19 pandemic.
The Kenyan real estate market has grown exponentially as evidenced by its contribution to the country’s GDP which grew from 10.5% in 2000 to 12.6% in 2012 and 13.8% in 2016. To the investment firm, for the past two decades, the growth in the industry is driven by;
- Infrastructural developments such as improved roads, utility connections, upgrade of key airports;
- Stable GDP growth which has averaged at 5.4% over the last 5 years against a Sub- Saharan average of 4.1%;
- Demographic trends such as rapid urbanization at 4.4% p.a against the world’s 2.5% and population growth averaging at 2.6% p.a; and
- High total returns averaging at 25.0% against 12.4% in the traditional asset classes.
These factors have therefore led to the development of unique trends across the various real estate themes, as investors seek to gain high returns and buyers seek aspirational lifestyles and quality products.
Here are some of the top real estate and property development firms in Kenya list is not presented in any particular order however we are just highlighting some of the notable brands in the real estate and property development sector.
Myspace Properties is a Real Estate and Property firm that offers a unique and unprecedented value proposition covering all the core skills and requirements fundamental to the success of a real estate venture. It is also among the firms incubated in Nairobi Securities Exchange (NSE) Ibuka programme. Myspace first appeared in the KPMG Top 100 rankings in 2018 and then 2019 became the top Real Estate firm in the list. Myspace appreciates the industry players for acknowledging our objectives and efforts to growing and becoming influencers within the Real Estate Industry. Myspace Properties is a good choice when it comes to immersing yourself in real estate Kenya, development and the housing sector in Kenya. They aim to provide the best services and respond to Kenya’s real estate boom, specifically in Mombasa, benefiting buyers, investors, owners and developers to meet their needs.
- Optiven Real Estate
This is a reliable real estate agency in Kenya. The company is known for locating prime properties in Kenya. If you are looking for a place to invest, especially in the purchase of land, contact the team. Optiven offers customers the best deals at affordable and reasonable rates.
The projects proposed by Optiven are often futuristic and aim to help investors get a quick return on their money once they are launched. Strategic locations close to amenities often characterize properties, but their cost and payment plan are unbeatable.
- AMS Properties Limited
AMS Properties Limited is a real estate pioneer company in the property development company in the Kenyan industry: developing, building and constructing elegant properties for almost two decades now. They are reputable for property management. Likewise, the brand has a name for investment integrity, quality finishes and on time delivery.
A proven track record of over 7,500,000 sq. built up land delivered and having won several international property awards. Above all, the AMS brand has acquired respect in the market and become a super brand.
- Amazon Valuers Limited
Amazon Valuers Limited is a firm of consulting Valuers and Estate Agents in Kenya. It offers professional valuation services which include: buildings, loose assets, furniture, motor vehicle, plant and machinery among others. They have fully trained and qualified members of staff deployed in various departments. They do the following Valuation, Property Management, Agency and Property Development among others.
http://www.amazonvaluers.co.ke/
- Azizi Realtors Kenya
Azizi Realtors was created to offer professional real estate consulting services by creating synergies in operational real estate through integrity, transparency and speed of service delivery.
The company’s executives and senior executives have a combined total experience of more than 30 years in real estate sales, leasing, property management and real estate investment consulting.
The company specializes in prime properties in Nairobi and the rest of the country.
- Enkavilla Properties
Enkavilla Properties Limited is a registered real estate company based in Kenya that offers real estate services. Whether searching for a luxury estate, land or commercial space, Enkavilla Properties delivers a seamless service from start until completion. Enkavilla will simplify the tedious property acquisition process on your behalf by offering professional services. We have the most qualified staff and partners in real estate matters. It is one of the upcoming real estate firms but promising.
https://www.jubilantstewards.com/
- Llyod Masika
Lloyd Masika Limited is one of the leading real estate agencies in Kenya and is registered. He provides professional valuation and real estate services in Kenya. Created since 1979, it is structured in three main departments, complementary in the provision of services.
- Hass Consult Limited
It is one of the top real estate developers in Nairobi whose impact is felt in Kenya since its creation in 1992. The company manages a number of real estate services, including consulting, sales, rental and management of commercial and residential buildings.
- Elegant Properties Limited
Over the past 28 years, Elegant Properties Ltd has carved its name as an industry leader in the development of Properties in Kenya.
They specialize in the development of high-end apartments, luxury houses and commercial spaces which are targeted at customers looking for quality, value for money and cutting edge design and build quality. Their commitment to quality and providing value for money has ensured that their customers keep returning which has proven to be key to their success. They lead in innovation and aim to provide quality homes and apartments for sale in Nairobi that surpass what’s currently available.
Their main focus is building Apartments in Nairobi with high-quality finishes and the utmost attention to detail whilst maximizing utility and providing Value for money. Get in touch with us for more information of properties for sale in Kenya.
https://www.elegantproperties.co.ke/
- Certified Homes Limited
Certified Homes is a real estate firm that offers elegant, unique, quality, and affordable homes to both homeowners and investors. We have a well-tailored system of gradual and assured delivery of our promises to our clients both locally and internationally. Our team of experts ensures that all measures and standards are in place right from commencement to completion.
Their core business is to build and sell homes through off plan module – you buy a home at the design stage then we build as you pay on their agreed terms. We offer architectural design and construction services based on consulting module to our customers – we offer consultancy services to our clients who need technical assistance from the design stage to the construction stage.
- Knight Frank Limited
Over the past 28 years, Elegant Properties Ltd has carved its name as an industry leader in the development of Properties in Kenya.
They specialize in the development of high-end apartments, luxury houses, and commercial spaces which are targeted at customers looking for quality, value for money, and cutting edge design and build quality. Their commitment to quality and providing value for money has ensured that their customers keep returning which has proven to be key to their success. They lead in innovation and aim to provide quality homes and apartments for sale in Nairobi that surpass what’s currently available.
Their main focus is building Apartments in Nairobi with high-quality finishes and the utmost attention to detail whilst maximizing utility and providing Value for money. Get in touch with us for more information on properties for sale in Kenya.