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Sep 08, 2011

Kenya – no strong price movements


Last Updated: Sept. 08, 2011
NAIROBI - Houses COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
3 BR 167,621 799 5.72% n.a. n.a.
NAIROBI - Apartments
4 BR 270,080 1,616 7.18% n.a. n.a.
5 BR 457,606 2,827 7.41% 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

No strong price trend is discernible in the price of houses and apartments in Nairobi; prices this year seem broadly similar to prices last year.

A 3 bedroom apartment in an elite district of Nairobi can be bought for around US$160,000

A 4 bedroom Nairobi elite district house can be bought for about US$380,000.

Rental yields in Nairobi are moderately good, at around 6% to 7%.

 




Comments

#1 ROSE MURAGE | June 23, 2010

What is the minimum notice period is landlord required to give to a tenant to vacate premises

#2 MATHEW THOMAS | July 12, 2010

Who is supposed to pay the land rent? The lessor or lesse?

#3 DUDE | July 31, 2010

@Mathew, the owner pays the land rent.

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