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Sep 08, 2011

Kenya – no strong price movements

			Last Updated: Sept. 08, 2011
NAIROBI - Houses	COST (US$)		YIELD (p.a.)	PRICE/SQ.M. (US$)
NAIROBI - Houses	TO BUY	MONTHLY RENT	YIELD (p.a.)	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%.

Kenya - more data and information

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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