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Kenya: House Prices, Rents, and Rental Yields

Last Updated: Sep 23, 2008

Double yield for apartments versus houses in Nairobi

Last Updated: Sept. 23, 2008
NAIROBI - Houses COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
4 BR 383,870 1,445 4.52% n.a. n.a.
5+ BR 450,473 2,489 6.63% n.a. n.a.
NAIROBI - Apartments
3 BR 133,293 1,153 10.38% n.a. n.a.
4 BR 211,912 1,549 8.77% n.a. n.a.
Districts researched
Nairobi: Karen, Langata, Muthaiga, Gigiri, Westlands, Milimani, Runda
Kilimani, Kileleshwa, Kitisuru, Lavington, Parklands, Spring Valley, Riverside, Hurlingham and Highridge
Source: Global Property Guide                    Definitions: Data FAQ                       See also: Update Schedule

Rental yields for four bedroom apartments in Nairobi are almost double at 8.77% than four bedroom houses at 4.52%. Average yields for houses with a minimum of four bedrooms is 5.58% while apartments in the same district are 9.58%. Prices average at US$417,171 for Nairobi houses and US$239,354 for Nairobi apartments.

The region's European past is highlighted by the number of English place-names in the area. Most of the upmarket suburbs are situated to the west of Nairobi, where most European settlers resided in colonial times. These include Karen, Langata, Lavington and Highridge.

 

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