This archive report was first published on 21 August 2020.
Kenya is looking to bridge a significant gap in the real estate market by providing investors and households with reliable and accurate data on rent prices and investment opportunities.
According to the Kenya National Bureau of Statistics (KNBS), the new data collection initiative aims to better measure the performance of the real estate sector and inform decision-making processes for households.
Currently, investors rely on informal data to identify potential opportunities in the housing market due to the lack of access to reliable information for housing developers or tenants.
KNBS has announced that it will be collecting data from July to September 2020, with regular data collection to be conducted every quarter thereafter.
The survey will target establishments that engage in activities such as selling and letting or leasing of their own property, as well as financial institutions.
Real estate agents and affiliate companies will also be included in the survey, which will cover residential, commercial, and land properties in urban and peri-urban areas across the country.
KNBS emphasized the importance of accurate and reliable real estate statistics, citing their role in monitoring financial stability, informing economic policy decision-making, and compiling national accounts statistics.
