Kenya, Nairobi updates

- *Market Trends:* The average price of houses for sale in Nairobi is around KSh 95 million, with prices ranging from KSh 11.5 million for the cheapest option to KSh 550 million for the most expensive.

- *Recent Transactions:* Mi Vida Homes, a property developer, has been sold to a consortium of local investors led by the company's management, marking the exit of Actis and Shapoorji Pallonji after seven years. The deal's value wasn't disclosed.

New Developments:* There are various properties available for sale in Nairobi, including:

Apartments:* Prices start from KSh 1.87 million for a 1-bedroom apartment to KSh 78 million for a luxury apartment.

Houses:* Luxury 5-bedroom houses are available in areas like Runda, Lavington, and Karen, with prices ranging from KSh 60 million to KSh 520 million.

Land:* Plots are available for sale in various areas, including Kiambu Road, Konza City, and Lukenya, with prices starting from KSh 1.6 million.

Financing Options:* Co-op Bank is offering mortgage financing options, including the KMRC Mortgage with a low interest rate of 9.5% on reducing balance.

Popular Areas:* Some of the popular areas for buying houses in Nairobi include:

    - *Lavington:* Known for its upscale neighborhoods and smart homes with cutting-edge technology and modern amenities.

    - *Runda:* A sought-after area for luxury homes and gated communities.

    - *Karen:* A popular area for families, with good schools and amenities.

    - *Westlands:* A hub for commercial and residential properties, with various options for apartments and houses.