By Jared Oundo,
According to Cytonn investment, 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 sought to gain high returns and buyers sought aspirational lifestyles and quality products.
For the last twenty years the real estate in Kenya has been expanding steadily, as more and more Kenyans are interested in owning land and properties. This affluent has led to the development of many real estate companies and real estate professionals. You will always get help for any type of property you want to buy, whether it is a residential or commercial property.
According to the independent survey carried by our research team, the following real estate and property firms in Kenya were ranked to be the best as far as this industry is concerned. The list below is not put in any order though.
- Myspace Properties Kenya
On top of our list is the Mombasa based Myspace Properties.
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.
Just recently, Myspace Properties announced that it will be unveiling modern mini-malls to meet the growing demand from retailers and vendors. According to Myspace CEO Mwenda Thuranira, the strategy was adopted owing to increasing large format retail store saturation levels in major towns and skyrocketing population that are living in new residential areas at lengthy commuting distances from larger retail centres, mini-malls will offer suitability purchase. Pundits also argue that this strategy is because of the shrinking spacious land in urban centres amid growing population. For more information please visit their website https://www.myspace.co.ke/
- Optiven enterprise Ltd Kenya
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.
For more information please visit their website https://www.optiven.co.ke/
- AMS Property
AMS Properties Ltd is a real estate pioneer company in the property development company in the Kenya 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.ft. built up land delivered and having won several international property awards. Above all, the AMS brand acquired respect in the market and become a Superbrand.
- 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.
- 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.
- 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.
For more information please visit their website http://lloydmasika.co.ke/
- Hass Consult Ltd
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.
For more information please visit their website http://www.hassconsult.co.ke/
- Villa Care Ltd
A company that owns some of the best real estate agents in Kenya. It focuses on providing quality, customized and customized services to clients. The fast and steady growth of the company ensures that you deal with the best in the industry.
For more information please visit their website https://www.villacarekenya.com/
- Elegant Properties Ltd
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 have proven to be key to their success. They lead in innovation and aim to provide quality of homes and apartments for sale in Nairobi that surpasses what’s currently available.
Their main focus is building Apartments in Nairobi with high quality finishes and 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.
- Knight Frank Kenya
Established in March 1998, Knight Frank Kenya (KFK) works closely with Knight Frank Tanzania and Knight Frank Uganda to complete a regional network that cements the Knight Frank group’s expanding Central and South African interests.
Advising national and international commercial and residential developers, investors, owners and occupiers we fulfil a wide range of real estate needs, including: property management, agency, valuation, project management, feasibility and research-led consultancy.
With expert knowledge of factors affecting national and international property markets, their goal is to improve operations, maximise returns on investment and add value throughout working partnerships.
Some of their Clients include: The British High Commission, Mobil Oil Pension Fund, Shell, Embassy of Switzerland, Embassy of France, Iberafrica, Red Cross, Safaricom (Vodafone), Embassy of Korea, PricewaterhouseCoopers, Plan International, Barclays Bank (Absa Bank), Embassy of Japan, NIC Bank (NCBA Bank), CDC, US Embassy, CARE International, Aventis, Toyota East Africa and Rockefeller Foundation.
To learn more about them you can visit their website http://knightfrank.co.ke/
- Canaan properties
Canaan properties was started in 2003 as a venture for selling land but has grown over time to offer comprehensive real estate services .The company has continually grown to selling properties and managing property within Nairobi and its environs. Canaan Ltd is a business registered by the registrar of companies and societies in Kenya No C. 122917. The business provides property services ranging from letting, selling and managing of residential and commercial properties to development consultancy.
Property sales, Property Letting, Property Development Consultancy, Property Management
For more information please visit their website https://www.canaanproperties.co.ke/
In this East African country, the property industry is a free market in that the price of housing is driven by supply and demand. It follows the basic economic principle. The higher the demand, the higher the prices with the inverse also applying.
For the last past years, the Kenyan economy has experienced exponential progress especially among the middle-class. Various researches have reported that the disposable incomes of many citizens has improved, many Kenyans are able to construct their own homes and are also able to get mortgages to buy houses. This, in turn, catalyses the real estate sector.