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Kenya: House Prices, Rents, and Rental Yields

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Last Updated: Oct 05, 2009

Reasonable yields in Nairobi

Last Updated: Oct. 05, 2009
NAIROBI - Houses COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
2.5 BR 139,426 887 7.63% n.a. n.a.
4.5 BR 180,634 1,291 8.58% n.a. n.a.
NAIROBI - Apartments
4 BR 427,548 1,863 5.23% n.a. n.a.
5+ BR 434,105 2,801 7.74% 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

Apartments in Nairobi have reasonable gross rental yields of between 7.6% to 8.5%, and attractive buying prices at around US$1,000 per square metre.

Houses are considerably more expensive on a per square metre basis, often breaching the US$2,000 per square metre threshold.

 

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