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.

 

Q3. 2017 Highlights

Political uncertainty stalls property market

  • Overall property prices drop by 1.8 per cent while asking rents drop by 0.3 per cent with apartments accounting for the biggest drop for both asking property prices and rents.
  • Property prices fall as uncertainty following the Supreme Court ruling subdues buying activity.
  • The lack of clarity on the electoral process freezes activity across all property segments as investors put on hold decisions pending conclusion of the process.
  • The property market showed a pickup in activity following the announcement of the winner in mid-August but the decision for a repeat of the Presidential election reverses the earlier trend.
  • Suburbs along the diplomatic zone buck the trend recording increases over the quarter.
  • Gigiri was best performing suburb over the quarter with property prices increasing by 4.8 while Muthaiga was the top performer on an annual basis with prices increasing by 12.5 per cent.
  • Property prices in satellite towns increase marginally by 0.1 per cent over the quarter.
The Hass Composite Rental Index
All Properties
-0.3 %
-1.8 %
1.7 Fold
Suburb with Highest Quarterly Increase in Rental Price
Kitisuru (+3.4% over last quarter)
Suburb with Highest Annual Increase in Rental Price
Eastleigh (+8.9% over last year)
Suburb with Lowest Quarterly Increase in Rental Price
Langata (-3.2% over last quarter)
Suburb with Lowest Annual Increase in Rental Price
Langata (-10.0% over last year)
Nairobi Suburbs
Property Rental Index
Donholm
-1.8 %
-1.4 %
1.72 FOLD
45,000
35,000
55,000
Eastleigh
2.7 %
8.9 %
2.85 FOLD
48,000
44,000
50,000
Gigiri
1.7 %
0.0 %
1.91 FOLD
346,000
300,000
400,000
Karen
-0.7 %
-1.3 %
1.85 FOLD
238,000
160,000
300,000
Kileleshwa
-0.9 %
-3.1 %
2.02 FOLD
146,000
80,000
180,000
Kilimani
-1.8 %
-0.4 %
1.73 FOLD
131,000
70,000
160,000
Kitisuru
3.4 %
-3.1 %
2.55 FOLD
332,000
250,000
400,000
Langata
-3.2 %
-10.0 %
1.74 FOLD
122,000
30,000
180,000
Lavington
1.3 %
-0.1 %
2.34 FOLD
199,000
100,000
275,000
Loresho
-0.2 %
-1.3 %
2.40 FOLD
243,000
180,000
300,000
Muthaiga
0.6 %
-4.4 %
2.50 FOLD
295,000
250,000
350,000
Nyari
-0.2 %
0.2 %
1.67 FOLD
321,000
250,000
380,000
Parklands
1.1 %
1.7 %
2.08 FOLD
93,000
45,000
125,000
Ridgeways
-1.6 %
2.0 %
2.14 FOLD
235,000
170,000
280,000
Runda
-0.1 %
0.2 %
1.76 FOLD
311,000
250,000
380,000
Spring Valley
-2.6 %
-5.5 %
1.78 FOLD
266,000
220,000
300,000
Upperhill
-1.8 %
0.4 %
3.17 FOLD
157,000
85,000
240,000
Westlands
-1.6 %
-6.8 %
2.16 FOLD
156,000
95,000
196,000
Nairobi Satellite Town
Property Rental Index
Athi River
-0.3 %
5.0 %
1.49 FOLD
37,000
22,000
40,000
Juja
1.4 %
13.7 %
2.85 FOLD
39,000
34,000
45,000
Kiambu
0.2 %
-2.9 %
2.36 FOLD
93,000
45,000
120,000
Kiserian
0.6 %
6.2 %
2.41 FOLD
42,000
30,000
50,000
Kitengela
0.2 %
-0.5 %
1.98 FOLD
35,000
25,000
45,000
Limuru
2.6 %
9.9 %
2.19 FOLD
87,000
63,000
115,000
Mlolongo
-2.5 %
-4.8 %
1.99 FOLD
28,000
22,000
35,000
Ngong
-0.2 %
4.8 %
1.87 FOLD
33,000
20,000
45,000
Ongata Rongai
-1.0 %
-0.8 %
2.16 FOLD
27,000
12,000
35,000
Ruaka
2.6 %
11.4 %
2.16 FOLD
30,000
17,000
40,000
Ruiru
2.8 %
5.1 %
2.25 FOLD
48,000
36,000
60,000
Syokimau
1.0 %
-1.7 %
1.98 FOLD
36,000
30,000
40,000
Thika
-2.3 %
-3.9 %
1.98 FOLD
20,000
9,000
27,000
Tigoni
0.7 %
2.9 %
1.83 FOLD
98,000
75,000
120,000
Archived Reports