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

Grass roots economic growth drives mid-market properties, as top end falls on international retrenchment

  • Property sales and rental markets evolve in line with changing economic trends.
  • Top-end detached houses, driven by international organisations and super-wealthy, record falling rents and sales prices.
  • Subdued growth continues in buying and renting of town houses, driven by Kenyan middle classes.
  • Accelerating growth in apartment rental prices, as working classes balloon.
  • But apartment buying slows, as landlords pull back.
  • Overall, a correcting market, taking up spare rental apartments, maintaining town house growth, and reporting price corrections on a now excessive stock of top-end detached houses.
  • Price trends support the case that industry potential now lies firmly in middle and lower-end market properties.
The Hass Composite Rental Index
All Properties
1.1 %
8.7 %
1.89 Fold
Segment with Highest Quarterly Increase in Rental Price
Houses in Kiambu ( +9.5% over last quarter)
Segment with Lowest Quarterly Increase in Rental Price
Houses in Kitengela ( -2.1% over last quarter)
Segment with Highest Annual Increase in Rental Price
Apartments in Thika ( +21.3% over last year)
Segment with Lowest Annual Increase in Rental Price
Houses in Karen ( -0.7% over last year)
Nairobi Suburbs
Property Rental Index
Donholm
0.5 %
6.9 %
1.79 FOLD
46,600
35,800
60,000
Eastleigh
-0.6 %
4.1%
2.96 FOLD
49,600
45,000
55,000
Gigiri
-0.6%
0.0 %
1.95 FOLD
353,100
300,000
400,000
Karen
-0.8%
-0.7%
1.87 FOLD
241,100
160,000
300,000
Kileleshwa
-0.3 %
2.2 %
2.33 FOLD
234,600
150,000
300,000
Kilimani
0.1%
2.1%
1.92 FOLD
184,700
120,000
250,000
Kitisuru
0.4 %
5.6 %
2.69 FOLD
349,100
260,000
450,000
Langata
-0.3 %
2.1%
1.67 FOLD
194,000
90,000
300,000
Lavington
0.7 %
4.2 %
2.73 FOLD
283,900
240,000
350,000
Loresho
-1.2 %
0.0 %
2.31 FOLD
233,700
200,000
270,000
Muthaiga
0.5 %
2.7 %
2.66 FOLD
313,700
220,000
390,000
Nyari
0.8 %
1.7 %
1.74 FOLD
335,900
300,000
380,000
Ridgeways
-0.9 %
1.9 %
2.20 FOLD
242,500
160,000
280,000
Runda
1.0 %
4.2 %
1.86 FOLD
328,000
270,000
400,000
Spring Valley
1.6 %
6.5 %
1.83 FOLD
273,400
220,000
340,000
Westlands
1.2%
2.8%
3.13 FOLD
226,400
160,000
270,000
Nairobi Satellite Town
Property Rental Index
Athi River
-1.5 %
4.0%
1.55 FOLD
47,200
35,000
55,000
Juja
-0.2 %
4.3 %
2.89 FOLD
39,800
32,000
47,000
Kiambu
1.5 %
9.7%
2.10 FOLD
142,100
110,000
160,000
Kiserian
0.9 %
10.4 %
2.52 FOLD
43,700
30,000
50,000
Kitengela
-2.1 %
1.4 %
1.81 FOLD
42,100
35,000
50,000
Limuru
2.0%
11.9 %
2.59 FOLD
102,900
90,000
120,000
Ngong
1.7%
14.8 %
2.82 FOLD
49,300
40,000
55,000
Ongata Rongai
-1.6 %
4.0 %
2.21 FOLD
40,700
30,000
50,000
Ruiru
-0.6 %
3.6%
2.41 FOLD
51,500
36,000
66,000
Thika
7.8%
21.3%
2.21 FOLD
23,500
17,000
35,000
Tigoni
1.7%
12.2%
2.17 FOLD
100,000
63,000
150,000
Archived Reports