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. 2019 Highlights

House prices in Nairobi’s satellite towns fall for the first time in history while the overall property market holds firm

  • House prices in satellite towns drop by 0.5 per cent in 2019, the first ever drop since 2008, showing home buyers in these areas are finding the economic environment challenging
  • Overall prices for all properties marginally improve by 1.2 per cent over the quarter
  • Rents in satellite towns drop by 2.1 per cent in 2019, the first ever drop showing that landlords are less demanding in response to challenges in the rental market.
  • Ridgeways suburb and Limuru town prove resilient posting annual house prices increases of 10.8 per cent and 9.5 per cent respectively,
  • Rents in Nairobi suburbs cool falling by 2.3 per cent on an annual basis and 1.3 per cent over the quarter.
The Hass Composite Rental Index
All Properties
-0.9 %
0.8 %
1.84 Fold
Segment with Highest Quarterly Increase in Rental Price
Apartments in Langata ( +4.8% over last quarter)
Segment with Lowest Quarterly Increase in Rental Price
Apartments in Kitengela ( -3.5% over last quarter)
Segment with Highest Annual Increase in Rental Price
Houses in Ngong ( +18.6% over last year)
Segment with Lowest Annual Increase in Rental Price
Houses in Kiserian ( -7.8% over last year)
Nairobi Suburbs
Property Rental Index
Donholm
3.2 %
-0.1 %
1.78 FOLD
46,400
35,000
55,000
Gigiri
0.4 %
1.7 %
2.00 FOLD
361,500
300,000
450,000
Karen
-0.4 %
-2.1 %
1.85 FOLD
237,700
160,000
300,000
Kileleshwa
-1.8 %
-1.4 %
2.30 FOLD
232,000
150,000
300,000
Kilimani
-0.4 %
2.3 %
1.96 FOLD
188,800
130,000
240,000
Kitisuru
-2.6 %
-5.4 %
2.53 FOLD
328,800
250,000
400,000
Langata
-0.3 %
-2.1 %
1.64 FOLD
190,500
89,000
270,000
Lavington
-1.7 %
-0.9 %
2.69 FOLD
279,300
230,000
350,000
Loresho
-3.0 %
-7.0 %
2.18 FOLD
230,000
190,000
250,000
Muthaiga
0.6 %
0.6 %
2.66 FOLD
314,100
230,000
400,000
Nyari
1.2 %
2.3 %
1.77 FOLD
340,900
300,000
380,000
Ridgeways
-2.9 %
-4.1 %
2.13 FOLD
234,500
150,000
280,000
Runda
-0.6 %
0.6 %
1.85 FOLD
326,400
260,000
400,000
Spring Valley
-1.4 %
-3.6 %
1.74 FOLD
259,500
200,000
300,000
Westlands
0.9 %
5.1 %
3.25 FOLD
235,000
170,000
280,000
Nairobi Satellite Town
Property Rental Index
Athi River
-0.04 %
-6.2 %
1.48 FOLD
45,000
35,000
55,000
Juja
4.5 %
1.7 %
2.95 FOLD
40,600
30,000
52,000
Kiambu
-1.6 %
-4.8 %
1.97 FOLD
133,300
105,000
150,000
Kiserian
-0.9 %
-7.8 %
2.30 FOLD
39,900
25,000
54,000
Kitengela
2.6 %
-0.3 %
1.84 FOLD
42,900
35,000
50,000
Limuru
-1.3 %
-2.1 %
2.48 FOLD
98,800
90,000
120,000
Ngong
-0.4 %
-1.4 %
2.73 FOLD
47,800
39,000
55,000
Ongata Rongai
2.6 %
3.0 %
2.31 FOLD
42,600
30,000
45,000
Ruiru
0.8 %
-0.1 %
2.42 FOLD
51,700
40,000
65,000
Tigoni
-0.5 %
0.9 %
2.16 FOLD
115,600
75,000
150,000
Archived Reports