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.

 

Q4. 2018 Highlights

Hass Consult reveals marked and general recovery in property prices Q4 2018

  • Apartment rental prices surged upwards in Q4 2018, ending three years of lacklustre growth and falling rates.
  • A 15.9 per cent rise in apartment rental prices in 2018 was the strongest growth for almost a decade, since mid-2009.
  • Rental prices for semi-detached houses also bounced back in 2018, rising 12.6 per cent.
  • But rents for detached houses continued to suffer from weak demand, shifting up just 3.7 per cent in 2018, to regain their previous peak of early 2017 by year end.
  • The final quarter of 2018 brought a small uptick in apartment sales prices after 13 consecutive months of price falls.
  • But 2018 saw strong recoveries in the sales prices for semi-detached and detached houses, by 9.5 per cent and 9.7 per cent in 2018.
The Hass Composite Rental Index
All Properties
2.5%
8.6%
1.87 Fold
Segment with Highest Quarterly Increase in Rental Price
Apartments in Ongata Rongai ( +8.6% over last quarter)
Segment with Lowest Quarterly Increase in Rental Price
Houses in Nyari ( -0.6% over last quarter)
Segment with Highest Annual Increase in Rental Price
Houses in Ngong ( +15.0% over last year)
Segment with Lowest Annual Increase in Rental Price
Apartments in Syokimau ( -0.3% over last year)
Nairobi Suburbs
Property Rental Index
Donholm
2.7%
6.7%
1.78 FOLD
46,400
36,000
60,000
Eastleigh
3.5%
5.1%
2.97 FOLD
49,900
44,000
55,000
Gigiri
0.2%
0.7%
1.96 FOLD
355,300
300,000
400,000
Karen
-0.5%
0.5%
1.89 FOLD
243,000
165,000
300,000
Kileleshwa
1.8%
2.8%
2.34 FOLD
235,400
150,000
300,000
Kilimani
0.5%
2.9%
1.91 FOLD
184,500
120,000
247,000
Kitisuru
1.9%
3.6%
2.67 FOLD
347,700
260,000
430,000
Langata
1.0%
2.0%
1.67 FOLD
194,600
90,000
290,000
Lavington
2.1%
3.6%
2.71 FOLD
281,900
230,000
350,000
Loresho
0.6%
-0.2%
2.34 FOLD
236,500
200,000
280,000
Muthaiga
1.1%
2.3 %
2.65 FOLD
312,300
230,000
380,000
Nyari
-0.6%
1.3%
1.73 FOLD
333,300
300,000
380,000
Ridgeways
0.2%
4.3%
2.22 FOLD
244,600
175,000
280,000
Runda
1.2%
3.0%
1.84 FOLD
324,600
270,000
400,000
Spring Valley
0.6 %
3.0 %
1.80 FOLD
269,100
214,000
320,000
Westlands
0.8%
2.5%
3.09 FOLD
223,700
160,000
270,000
Nairobi Satellite Town
Property Rental Index
Athi River
2.3%
4.0%
1.57 FOLD
48,000
35,000
55,000
Juja
2.9%
5.1%
2.90 FOLD
39,900
32,000
47,000
Kiambu
4.6%
9.7%
2.07 FOLD
140,100
110,000
160,000
Kiserian
5.1%
5.6%
2.49 FOLD
43,300
30,000
46,000
Kitengela
-0.8%
3.4%
1.85 FOLD
43,000
35,000
50,000
Limuru
2.9%
11%
2.54 FOLD
100,900
90,000
112,000
Ngong
5.7%
15.0%
2.77 FOLD
48,500
36,000
55,000
Ongata Rongai
1.5%
5.4%
2.24 FOLD
41,400
30,000
50,000
Ruiru
2.0%
4.6%
2.42 FOLD
51,800
37,000
66,000
Tigoni
3.2%
12.3%
2.14 FOLD
100,000
50,000
150,000
Archived Reports