2023/2024年肯尼亚房地产调查报告

Survey Report2023/2024REAL ESTATE Published by:Kenya National Bureau of StatisticsReal Towers, Hospital Road, Upper HillP.O. Box 30266 - 00100Nairobi, KenyaTel:+254-20-3317583,+254-20-2911000/1,+254-20-3317612/22/23/51Email:info@knbs.or.ke/ ibrary@knbs.or.kedirectorgeneral@knbs.or.keFacebook:Kenya StatsX:@KNBStatsWebsite:www.knbs.or.ke©2024 Kenya National Bureau of StatisticsPublished 2024Some rights reserved.This work is made available under the Attribution-Noncommercial 4.0 International (CC BY-NC 4.0) availableat https:/creativecommons.org/licenses/by-nc/4.0/ This license allows reusers to distribute, remix, adapt, andbuild upon the material in any medium or format for noncommercial purposes only so long as the work isappropriately cited and attribution is given to the creator.Users wishing to reuse material from this work attributed to a third party such as tables, figures or images areresponsible for determining whether permission is needed for that reuse and for obtaining permission fromthe copyright holder. The risk of claims resulting from infringement of any third party owned component in thework rests solely with the user.Any copyright use requests relating to this publication should be addressed to the Director General, KenyaNational Bureau of Statistics. Subscription correspondence may be addressed directly to the Head of LibraryServices through the email addresses provided.Image source: Istock © 2024 accessed via www. KNBS / Istockphoto.comRecommended citation: KNBS 2024. Real Estate Survey Report 2023/2024 AcknowledgementAbbreviations and AcronymsExecutive Summary1.0Introduction1.1Policy, Legal and Institutional Framework1.2Key Players in the Real Estate Sector1.3Justification for the Survey1.4Survey Objectives2.0Methodology2.1Legal, Regulatory and Institutional Framework2.2Scope and Target Population2.3Survey Instruments2.4Reference Period2.5Data Collection2.6Data Analysis and Tabulation2.7Data Quality2.8Key Concepts and Definitions3.1Types of Real Estate Firms3.2Legal Status of Real Estate Firms3.3Registration of Real Estate Firms with Professional and Regulatory Institutions3.4Provision of housing financing arrangements3.5Ownership of Real Estate Properties4.0Residential Properties4.1Introduction4.2Residential Properties4.3Residential Properties for Rent4.4Annual Rental Yield5.0Commercial Properties5.1Introduction5.2Commercial Sales5.3Commercial Properties for RentAnnexesAnnex 1:Average weighted sale prices for residential properties by regionConclusionTable of Contents 679101214151516161617171818181920212224252626264046484848545758 I would like also to acknowledge the respondents of this surveyto whom the questionnaires were administered. These are establishmentsengaged in real estate activities, who played a crucial role in ensuring weget required responses to our questionnaires.I appreciate the technical and financial support provided to this surveyfrom development partners. In particular, I appreciate the World bank forproviding financial support under the Eastern Africa Regional StatisticsProgram for Results (EARSPforR) Initiative in supporting data collectionactivities.Finally, I recognize the team that developed and participated in coming upwith this report, right from data cleaning and analysis activity to the finalreport. This report will be useful to wide range of consumers of statisticsas well as policy makers.AcknowledgmentMacdonald G. Obudho, PhD, EBS, MBSDIRECTOR GENERAL,KENYA NATIONAL BUREAU OF STATISTICS The 2023/2024 Real Estate survey wasundertaken and successfully implementedwith collaborative effort with otherrelevantkey stakeholders.Theseincluded the Central Bank of Kenya (CBK) andthe State Department for Housing and UrbanDevelopment.I am grateful to the Kenya National Bureauof Statistics staff who worked tirelessly toensure successful undertaking of this activity.In addition, I acknowledge the dedicated effortsof the Research Assistants who were the keypoint of contact to our data providers and ensuredwe get maximum cooperation from respondents.This category of personnel also ensured that we getquality statistics and we appreciate their diligent work. Abbreviations and AcronymsCCTVClosed-Circuit TelevisionCPIConsumer Price IndexFSIsFinancial Soundness IndicatorsGDPGross Domestic ProductIMFInternational Monetary FundKNBSKenya National Bureau of StatisticsKHSKenya Housing SurveyKShKenya ShillingsRESReal Estate SurveyREPIReal Estate Price IndexSDGSustainable Development Goals The 2023/2024 Real Estate Survey provides valuableinsights into Kenya’s dynamic real estate sector, which is acrucial driver of the nation’s economic growth, contributingsignificantly to the GDP and influencing housing policies. Thereal estate market spans both residential and commercialproperties, with residential property prices serving as akey indicator of housing affordability, while commercialproperties support business operations. Despite thisimportance, there is a gap in reliable data r