Housing sector to remain resilient despite political season

By Jedida Baraza and Wambui Muthoni

The political state of the country has not affected the real estate industry with investors and developers still coming into the market.

Estate Intel research associate Tilda Mwai said that despite the forthcoming election, the market is still expanding and key emerging trends such as flexibility and quality in terms of what people are occupying is driving the demand.

Speaking recently at a Nairobi hotel during the annual East Africa property investment summit held under the theme “a re-newed focus” Ms Mwai said the market has been resilient to the political campaign with both local and international investors taking up space in the sector.

The summit, which is put together by property experts to provide in depth knowledge and networking opportunities through a rigorous and engaging two-day conference, brought together private and public stakeholders in the real estate and banking sector in the East African region. It aims at providing insight on different sectors in the real estate industry while providing a platform for brands to market themselves.

Some of the topics discussed by different panelists during the summit included: urban development, master planned communities, retail updates and the banking perspective.

Speaking during the master planned communities’ session, CEO of Closed Panel System (CPS) Sebastian Dietzold elaborated on how developers were using CPS as an alternative to stones and concrete as the main construction materials.

The highlight of the day was a tour to the Global Trade Centre (GTC) which is Africa’s leading Hotels, Offices, Parking. Shopping mall, Convention centres and Apartments
(HOPSCA).    – KNA

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