| dc.description.abstract | Residential properties are properties that serve as housing or a dwelling and encompass
single-family, duplexes and other multi-family homes. In Nairobi real estate industry has
played a key role in the growth of the economy due to its high multiplier effect through
increased investments in production and marketing of building materials, employment
generation and wealth creation. In Nairobi real estate market, little has been done to
check the set of forces behind the housing prices. As such the study sought to investigate
the determinants of residential real estate prices in Nairobi. In this study a quantitative
approach was followed. The researcher used data for the main players in the financial
sectors which are mainly concerned with the regulation of the real estate industry. The
study used secondary data which were largely quantitative and descriptive in nature. Data
analysis was carried out by use of simple mean, standard deviations, percentages,
regression and correlation analysis by use of Statistical Package for Social Sciences
(SPSS) Version 21. The study found that the level of money in supply information can
give economists and financial analysts a better understanding of the real estate market
and its influence on real estate prices. To the financial analysts, it is important to realize
the need to sensitize their clients to do more investment in real estate in municipality
areas like Nairobi because there is need for more residential real estates. Further, they
need to let financial institutions realize that real estate investment in such metropolitan
and municipalities is not exhausted in financing so that they can open up possibilities for
their client who would like to venture in the same. | en |
