The Hass Rental Index

The Hass Rental Index is used to measure the asking price changes of residential lettings nationwide throughout Kenya serving as an indicator of trends. It covers over 320 suburbs and towns across Kenya and was launched back in Quarter 3 2010, in its current format, replacing its earlier published indices by virtue of this time going back a full 10 years, from December 2000, to bring it fully in line with international property data standards. Property points now for 18 years covering several rental up and downturns. Additionally, introduced as at Quarter 3 2015, The Nairobi-18 Suburbs and Nairobi Satellite-14 Town indices compliment the Hass Lettings Index, giving an area specific perspective. It is well received each quarter by the press, developers, governing bodies, financial institutions and importantly renters and investors. It is an impartial indicator of the past and current Kenyan rental sector which Hass is committed to serve.

 

Q1. 2018 Highlights

Renewed hope as property market begins recovery with the rental apartment market revealing its sensitivity to macroeconomic movements

  • Sales and rents improve over the quarter as the economy begins to show signs of recovery.
  • Asking properties increase by 2.4 per cent and rents marginally increase by 1 per cent reversing negative annual trends.
  • Semi-detached houses see the highest quarterly increase with asking prices and rents moving 2.8 per cent and 3 per cent respectively.
  • The apartment rental market posts the weakest annual return at negative 7.5 per cent
The Hass Composite Rental Index
All Properties
1.0%
-2.5%
1.7 Fold
Segment with Highest Quarterly Increase in Rental Price
Houses in Langata ( +4.7% over last year)
Segment with Lowest Quarterly Increase in Rental Price
Houses in Kiserian ( -3.5% over last year)
Segment with Highest Annual Increase in Rental Price
Houses in Limuru ( -11.2% over last year)
Segment with Lowest Annual Increase in Rental Price
Apartments in Lavington ( -13.9% over last year)
Nairobi Suburbs
Property Rental Index
Donholm
0.4%
-2.3%
1.7 FOLD
43,644
28,000
46,250
Eastleigh
0.4%
6.4%
2.80 FOLD
47,650
44,000
50,000
Gigiri
0.0%
1.2%
2.00 FOLD
352,984
300,000
400,000
Karen
0.5%
1.1%
1.90 FOLD
242,818
170,000
300,000
Kileleshwa
-0.1%
-8.9%
1.90 FOLD
137,105
75,000
170,000
Kilimani
0.4%
-4.6 %
1.70 FOLD
127,642
72,000
150,000
Kitisuru
-1.5%
0.2%
2.50 FOLD
330,520
250,000
370,000
Langata
0.2%
-16.5%
1.60 FOLD
111,834
32,000
140,000
Lavington
-0.2%
-4.4%
2.20 FOLD
189,693
90,000
270,000
Loresho
-1.4%
-5.6%
2.30 FOLD
233,689
180,000
280,000
Muthaiga
0.1%
1.8 %
2.60 FOLD
305,000
250,000
350,000
Nyari
0.4%
3.0%
1.70 FOLD
330,000
260,000
375,000
Parklands
2.9%
2.0%
2.1 FOLD
95,000
60,000
130,000
Ridgeways
1.5%
0.3%
2.20 FOLD
238,000
150,000
280,000
Runda
-0.1%
0.3%
1.80 FOLD
314,000
250,000
350,000
Spring Valley
-1.7 %
-8.4 %
1.70 FOLD
256,000
200,000
299,000
Upperhill
-1.7 %
-12.7 %
2.80 FOLD
140,000
65,000
170,000
Westlands
1.3%
-7.5%
2.1 FOLD
149,000
90,000
200,000
Nairobi Satellite Town
Property Rental Index
Athi River
-2.1%
-7.5%
1.40 FOLD
35,000
22,500
40,000
Juja
0.4%
-1.8%
2.77 FOLD
38,100
26,500
47,000
Kiambu
-0.1%
-3.7%
2.34 FOLD
92,449
38,000
130,000
Kiserian
-3.5%
-1.9%
0.01 FOLD
39,529
25,000
50,000
Kitengela
1.0%
4.4%
1.93 FOLD
34,500
25,000
45,000
Limuru
1.3%
11.2%
2.31 FOLD
92,000
65,000
120,000
Mlolongo
1.3%
1.7%
2.10 FOLD
29,443
22,000
35,000
Ngong
1.1%
3.2%
2.15 FOLD
32,500
20,000
60,000
Ongata Rongai
-1.3%
-8.7%
1.99 FOLD
25,200
13,700
30,800
Ruaka
1.1%
11.0%
2.26 FOLD
31,700
18,000
45,000
Ruiru
0.5%
5.7%
2.33 FOLD
49,700
39,000
67,800
Syokimau
0.2%
-2.0%
1.95 FOLD
35,200
25,000
40,000
Thika
0.0%
-7.1%
1.82 FOLD
19,300
8,000
26,000
Tigoni
1.9%
8.8%
1.94 FOLD
103,800
75,000
125,000
Archived Reports