Sharp Daily
No Result
View All Result
Friday, August 15, 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 Real Estate

Surge in Remote Work Drives Demand for Suburban Homes

Allan Lenkai by Allan Lenkai
April 4, 2025
in Real Estate
Reading Time: 2 mins read
The real estate market is experiencing a seismic shift as remote work continues to reshape homebuying trends, with suburban properties seeing a surge in demand.

The shift, catalyzed by the COVID-19 pandemic and sustained by evolving workplace flexibility, has seen professionals across the continent prioritize spacious homes with dedicated work areas over urban apartments. The African Development Bank noted in a recent study that hybrid work models have increased by 15% in countries like Kenya, South Africa, and Ghana since 2022, pushing homebuyers toward suburban areas offering affordability and tranquility.

In Nairobi, suburban neighborhoods like Karen and Rongai have seen a 10% rise in property sales in the past year, according to Hass Consult, a leading real estate firm.

The continent’s rapid urbanization — projected to see 50% of Africans living in cities by 2030, per the United Nations — adds complexity to the trend. While urban centers like Lagos and Johannesburg remain economic hubs, suburban growth reflects a desire for balanced living. A Knight Frank report from December 2024 highlighted that Africa’s property markets are rebounding post-pandemic, with suburban residential demand outpacing urban growth by 8%.

Challenges persist, however. Limited housing stock in desirable suburban zones has sparked bidding wars, pushing sale times down to an average of 25 days in Nairobi and Cape Town, per local listings data. In Nigeria, suburban land in emerging hotspots like Ibadan and Abeokuta has appreciated 15% since 2024, but infrastructure lags, with power and road networks struggling to keep pace.

RELATEDPOSTS

No Content Available

Governments are taking note. Rwanda, a leader in affordable housing, has zoned suburban areas near Kigali for new developments, targeting middle-income remote workers with homes priced at $80,000. South Africa’s Western Cape province is investing $50 million in suburban infrastructure upgrades to ease access

Previous Post

Invest smartly this weekend: The power of CMMF

Next Post

Managing pension savings during job changes in Kenya

Allan Lenkai

Allan Lenkai

Related Posts

Crime

Why Syokimau, a satellite town is attracting real estate investors

July 31, 2025
Crime

Why Athi River deserves your investment

June 24, 2025
Real Estate

Restructure housing levy to solve Kenya’s housing crisis

May 23, 2025
Real Estate

Navigating the fallout of foreign aid reductions

May 20, 2025
International

Knight Frank; Kenya’s wealthy are trading mansions for market moves

May 16, 2025
Real Estate

Nairobi real estate divide

May 15, 2025

LATEST STORIES

Overcoming barriers to AI adoption in Kenyan accounting firms

August 15, 2025

Consolidating Pension Contributions in Kenya

August 15, 2025

Reopened infrastructure bonds oversubscribed as investors seek higher yields

August 15, 2025

Understanding foreign investor outflows

August 15, 2025

The rise of ESG investing in Kenya: A shift toward sustainable finance

August 14, 2025

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 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