How technology has transformed real estate sector in Kenya

EXPLAINER
How technology has transformed real estate sector in Kenya

The rise of house demand in different parts of Kenya has made developers look for alternative ways to address the housing issue. Unlike the past where people relied on brokers, newspaper advertisement and physically visiting multiple estates, developers have embraced technology to improve their services to clients.

Companies like Nyumba Zetu has come up with a system that uses project management tools that use Artificial Intelligence (AI) to track construction progress, generate cost and timeline estimates from architectural drawings, and streamline remote collaboration. This has enabled easy management of projects, leases and operations.

AI tools have also enabled realtors to analyse market trends, price ranges and identify high-demand zones to help buyers and developers make data-backed decisions.

According to Remmio Limited, a property technology platform designed to simplify house hunting, property management and construction logistics, the technology shift in the sector is being driven by the growing demand for convenience, transparency and speed, particularly among the young people.

Additionally, technology has expanded developers’ reach by enabling potential buyers and tenants to access online listings, social media and virtual tours before buying or renting a home. This advantage has helped them to compare prices, location and amenities reducing the time and cost involved in searching for a house.

In Kenya the use of technology has reduced fraud making developers and investors make informed decisions before investing in the sector.

Other than developers and tenants, the Ministry of Land and Physical Planning in Kenya has also gone digital by creating an online platform known as “Ardhisasa Platform” where it streamlines property searches, ownership verification and title transfers providing land information and processes undertaken by the government.

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The rise of house demand in different parts of Kenya has made developers…


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