Rent soars in popular Nairobi estates
Most Nairobi estates experienced a rental increase in the last year, according to the latest Hass Consult statistics.
From the report, rent also shot up, with some residential areas on the outskirts of the city recording an astronomical five-fold increase.
South C, South B, Kileleshwa, Upper Hill, Muthaiga North and Kitengela were some of the estates whose properties recorded a very steep rise in the rental asking prices, irrespective of the type of house.
South C had the highest change of 20 per cent in its rental asking price. The current average asking price is Sh43,800 up from Sh36,500 in 2012.
South B also saw a 19 per cent increase in rental asking price, with the 2013 average being Sh35,200 from Sh29,500.
The upper middle class suburbs of the county saw Kileleshwa lead with a 14 per cent rental asking price increase.
The average asking price in Kileleshwa is currently Sh106,000 up from Sh92,000 in 2012.
For Muthaiga North, it was a 12 per cent increase from an average of Sh107,000 in 2012 to Sh119,000 in 2013.
Lower Kabete and Spring Valley also saw a rental increment of eight and seven per cent respectively.
The outskirts of the city which have become a favourite of residents were not left behind. Kitengela, Ngong’, Mlolongo and Athi River also saw an increase in the rental asking prices.
Rent in Kitengela increased by 12 per cent to an average of Sh53,000 up from Sh47,000 for its stand-alone units.
It was four per cent for Mlolongo while Athi River recorded seven per cent. For Ngong, there was a 14 per cent increase with an asking price of Sh37,000 up from Sh32,000 in 2012.
In the Eastlands region, Tena estate led with an 11 per cent increase. The average asking price is Sh15,800 up from Sh14,200 in 2012.
Komarock also saw its rental asking price increase by nine per cent last year with the current asking price being Sh17,400 up from Sh16,000 in December 2012.
Donholm and Buruburu experienced a change of 10 and 6 per cent respectively.
The average asking price in Buruburu is now Sh21,000 up from Sh20,000 in 2012 while in Donholm, it is Sh26,000 from Sh24,000 two years ago.