Written by Elayne Wangalwa | From CNBC Africa

During the country’s rebasing – replacing of the old base year used for compiling the constant price estimates to a new and more recent base year – Kenya’s GDP increased to 55.2 billion US dollars in 2013 from 44.1 billion US dollars, a 25.3 per cent jump. The real estate sector contributed 5.9 per cent accounting for some change in the level of the country’s GDP.

The country’s booming property market is said to be responding to demand that has been created by the expanding middle class.

Recently, players in the industry held the 20th Kenya Homes Expo in Nairobi. The expo garnered local and international exhibitors drawn from various sectors of the real estate industry.

According to Daniel Ojijo, executive chairman at Homes Universal, one of the best places to network and consult with players in the industry.

“Kenya homes expo has grown into a formidable force the forum has not only provided an avenue for industry professionals and investors to network and expand the knowledge but have been a great boost for the industry initially helping to demystify the sector from an illicit activity to one where even a village investment group can invest the challenge of providing housing,” Ojijo said.

Read more at CNBC Africa