Sharp Daily
No Result
View All Result
Friday, July 11, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Opinion

OPINION: How technology is shaping the future of Kenya’s property market

Fridah Karei by Fridah Karei
December 19, 2024
in Opinion
Reading Time: 2 mins read

Technological advancements are significantly transforming Kenya’s real estate industry, enhancing efficiency, transparency, and accessibility across various facets of the sector. The integration of digital technologies has revolutionized property transactions, management, and development, aligning with global trends and catering to the evolving needs of consumers.

One notable transformation is the digitization of property listings and transactions. Online platforms and mobile applications provide comprehensive property information, enabling potential buyers and tenants to access listings, view property details, and even take virtual tours remotely. This shift enhances market transparency and allows for informed decision-making without the necessity of physical visits. Additionally, the adoption of electronic signatures and digital contracts has streamlined the transaction process, reducing time and minimizing errors.

In property management, the implementation of Internet of Things (IoT) devices and property management software has enabled real-time monitoring and maintenance. Landlords and property managers can oversee occupancy rates, rental payments, and maintenance requests through digital platforms, improving operational efficiency and tenant satisfaction. IoT sensors can detect issues such as water leaks or electrical faults early, preventing costly damages and ensuring prompt repairs.

The construction phase has also benefited from technological integration. Techniques such as prefabrication and 3D printing have accelerated building processes, allowing for faster project completion and reduced labor costs. These methods contribute to meeting the growing demand for housing by enabling the rapid development of residential units.

RELATEDPOSTS

Using technology to tackle Kenya’s counterfeit drug menace

June 18, 2025

Unlocking Kenya’s real estate potential through public-private partnerships

February 28, 2025

Furthermore, the use of data analytics and artificial intelligence (AI) in market analysis has provided stakeholders with predictive insights. Advanced algorithms assess market trends, consumer preferences, and economic indicators, assisting investors and developers in making strategic decisions. This data-driven approach facilitates the identification of investment opportunities and the anticipation of market shifts, thereby mitigating risks.

Practical examples of how technology is transforming Kenya’s real estate industry can be seen through specific apps and platforms that have revolutionized property transactions and management. One prominent example is Property24 Kenya, a popular online platform that allows users to browse property listings, view detailed descriptions, images, and virtual tours of properties. The app offers a user-friendly interface for buyers, sellers, and renters to connect, making the property search process much more efficient. Additionally, Jumia House, now known as Jumia Property, offers a similar service, providing an online marketplace for real estate, where users can access various property options, including houses, apartments, and commercial spaces, facilitating easy and transparent transactions.

Previous Post

Affordable housing relief ends in new PAYE tax rules

Next Post

OPINION: How Kenyan investors can leverage USD assets

Fridah Karei

Fridah Karei

Related Posts

Business and Finance Concept - Coin, Currency, Financial Item, Graph,
Opinion

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025
Opinion

Privatization in Kenya: A new dawn for capital markets and fiscal stability

July 10, 2025
Economy

What happened to president Ruto’s economic dream?

June 27, 2025
Opinion

Opinion: Populism feeds votes, not growth

June 27, 2025
Opinion

Unlocking the power of REITs: A path for retail investors

June 26, 2025
Opinion

How Kenyan banks can bridge the cybersecurity talent gap

June 25, 2025

LATEST STORIES

Why Employers Should Prioritize Pensions Over One-Time Gratuity Payments

July 10, 2025
Business and Finance Concept - Coin, Currency, Financial Item, Graph,

Opinion: Why lower taxes may be Kenya’s only escape route

July 10, 2025

Nvidia becomes the first company globally to hit USD 4.0 trillion market value

July 10, 2025

Privatization in Kenya: A new dawn for capital markets and fiscal stability

July 10, 2025

How Kenya is future-proofing its economy against illicit finance

July 9, 2025

The importance of Investment Policy Statements (IPS) for pension schemes in Kenya

July 4, 2025

Understanding Life Cover as an Additional Benefit in Retirement Benefit Schemes

July 4, 2025

Del Monte foods files for bankruptcy in USA

July 3, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024