archiveKnight Frank

  Kenya’s luxury hospitality sector is riding a wave of significant growth, attracting the attention of global investors, policymakers, and tourism experts alike. As the country positions itself as a premier destination for high-end tourism, a confluence of factors — from a steady influx of international visitors to a stable economic environment — is shaping a compelling investment landscape. These dynamics will be at the heart of discussions at the 12th East Africa Property Investment (EAPI) Summit, scheduled for May 7–8, 2025, at Pullman Hotel in Upper Hill, Nairobi....

The prices of art saw the steepest annual decline among luxury investments, dropping by 18.3% in 2024, according to Knight Frank’s ‘The Wealth Report 2025’. The report, released by the global property consultant, revealed that only half of the top 10 passion investments recorded positive growth last year. Among luxury assets, handbags emerged as the best-performing category, with prices rising 2.8%, followed by jewellery (2.3%), coins (2.1%), watches (1.7%), and classic cars (1.2%). Collapse of art, wine, and whisky markets Fine art experienced a sharp decline, reversing the double-digit growth...