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Nairobi City Report 2016

Kenya achieved one of the African continent's highest year-on-year GDP growth results at 5.8% for 2015. It also became the fifth largest economy in Sub-Saharan Africa after it revised its GDP at the end of 2014. Kenya, and in particular Nairobi, has headlined the East African region as its gateway and preferred destination for the regional headquarters of at least 100 multinationals and corporations.

On the real estate front, Kenya, and specifically Nairobi, is experiencing an unprecedented development boom across all its commercial sectors. The resilience in the property market, thus far, has been underpinned by strong economic growth, stable inflation and the country's aspiration of becoming a majority middle-income market.

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