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“The rise in the price of apartments compared to bungalows and maisonettes continues to signal an element of the search for affordability by potential homebuyers given the lower cost of construction per unit on the developers’ side that translates to relatively low offer prices,” said KBA director of research and policy Jared Osoro.
In the past year, data available from the Nairobi County Government Buildings Approval Department indicate investors put money in highrise apartments but shunned standalone mansions that proved a hard sell due to high prices driven mainly by the cost of land in upmarket areas.
Ridgeways, Kileleshwa and Kilimani were the next favoured spots enjoying a significant growth of 17.7 per cent while low-rise residential areas such as Spring Valley, Kitisuru and Karen witnessed slower growth at a five-year compounded growth of 14.6 per cent, largely comprising bungalows and maisonettes.
It claims all of Jerusalem as its united capital, while the Palestinians see the eastern sector as the capital of their future state.
The issue is among the most contentious in the Israeli-Palestinian conflict.
This has led the government to prioritise PSV drivers in the issuance of the document, which is loaded with points that get deducted every time a motorist commits a traffic offence.
Accumulation of the points would ultimately lead to withdrawal of the driving permit.
Formulated by Shuli Moalem-Refaeli of the far-right Jewish Home party, it comes weeks after US President Donald Trump's decision to recognise Jerusalem as Israel's capital sparked deadly protests in the Palestinian territories.