Cytonn Investments Management Limited will on Monday release its Real Estate Retail Report on Monday.
In April, the company released its report on mortgage and rent affordability with the Nairobi metropolitan Nyari, Karen, Runda, Muthaiga and Kitusuri being cited as the most expensive.
The report aimed at informing households on the areas they will find affordable to purchase mortgages and / or rent houses based on their levels of income and the corresponding house and rental prices in those areas.
It also noted that Kenya’s real estate market remained a rental rather than a mortgage market due to low incomes levels that cannot service a mortgage, high property prices, and high interest rates, which discourage potential homeowners from borrowing.
Read: Investing in Nairobi Real Estate -Report
According to Cytonn Investments, the report to be released will focus on addressing:
- Supply of retail space in Nairobi Metropolis, Kisumu, Mombasa, Nakuru, Uasin Gishu and Mt Kenya regions
- Prevailing market rents, yields, occupancy and uptake of retail space
- Trends and recent developments in the retail sector
- Consumer spending habits
- Retail market outlook
- Investment Opportunity in Retail real estate
Cytonn H1’2016 Markets Review said the real estate witnessed three key trends: financing activities, regulation and increased development in the first half of 2016.
Read: Cytonn Real Estate Breaks Ground On The Alma as Part of The KES 57Bn Real Estate Deal Pipeline
They are optimistic that with increased transparency, faster processes and lower costs being incurred in the development process, we expect development activity will increase in the country, as developers will save on time and costs previously incurred, as fees will be used to add value to developments.