Demand for residential housing and apartments in Nairobi are fast outstripping supply due to the recent increase in population. Residences and apartment market is gradually picking up as most buyers and investors are putting in more developments in areas surrounding the city and outskirt in parts of Langata, Upper hill, Laxington, Muthaiga, Gigir and Spring Valley. The recent schemes include; sunset paradise apartments off Mombasa Malindi Road and Batian’s Peak Serviced Apartments on Argwings Kodhek Road
The demand for houses in Nairobi has continued to grow in line with the country growth at 2.4% and the banking institutions have contributed to the growth of private home ownership through mortgage financing.