The Kenyan real estate sector is dynamic and constantly evolving to adapt to the needs of the Kenyan markets. While this sector has experienced exponential growth over the years, the sector has also been prone to fraudulent transactions and advertisements (in both print and broadcast media). It is in this context that the Real Estate Regulation Bill, 2023 (the Bill) was published in the Kenya Gazette Supplement No. 135 dated 11 August 2023. However, the Bill is yet to be tabled before the Senate.

In this alert, we highlight the key provisions of the Bill.