Retail space driving real estate growth in EA as multinationals take up premises
The Hub Karen Mall, Nairobi. Demand for retail space, particularly in Nairobi has been increasing gradually as shopping malls become popular. FILE PHOTO | NATION
Increasing demand for houses and an increasing number of multinationals looking for retail space have put East Africa’s property market on the global radar for investment.
But even as the region’s real estate sector offers attractive returns to investors, the high cost of credit and soaring cost of construction have slowed down investments in the sector, according to a survey by Cytonn Investment Ltd.
