Kenya’s Wealthy Embrace Sustainable Real Estate Practices as Climate Change Accelerates
Nation’s High-Net-Worth Individuals surpass the global average of including green priorities in their investment portfolios. Over 90 percent of Kenya’s High-Net-Worth Individuals have embraced green thinking in the properties they invest in, according to Knight Frank’s attitudes survey results in the Kenya edition of Knight Frank’s annual Wealth Report 2024, launched in Nairobi today. Knight Frank’s 2024 survey of the spending habits and priorities of the country’s wealthiest individuals reported a surge in the use of renewable energy, with 60 percent of HNWIs now seeking solar panel installations in the properties they invest in, up from 35 percent a year ago. The Kenya attitudes survey, which is based on responses from private bankers and wealth advisors also found that almost half of HNWIs, at over 46 percent, now review the impact on nature and biodiversity...