Kenya’s First and Most Expansive Price Index

HassConsult is committed to the quarterly publication of The Hass Property Index. This has proven over the last decade to be an important tool providing investors, home owners, the financial industry and consumers with current and historical information about house price inflation- allowing them to make informed decisions in the housing market, in order to enjoy the best possible returns.

We believe the index has also helped us all to understand far better the Kenyan real estate market, the urban residential market - and by extension, some of the dynamics within the Kenyan economy. In our experience, the best decisions are made with the clearest possible information. It is by working to flag within the market what is rising, and what falling, that we can do the most in ensuring funds are directed towards the properties that are currently most needed and most sought, particularly making the case for more affordable housing which is trending and now widely available.

Property Data Points
200,000+
Land Data Points
60,000+
Number of Price Indices Run Every Quarter
166
Client Research Studies
100+
Towns and Suburbs Covered Nationwide
320+

Q1. 2020 Highlights

Property resilient as COVID-19 takes toll on global economies

  • Property prices mildly edged up by 0.9 per cent over the quarter with detached and semi-detached houses showing some resilience with slight increases of 1.3 percent and 0.9 per cent respectively
  • Apartment prices recorded a slight decline of 0.4 per cent over the quarter continuing a period of price stagnation bringing the total annual decline to 2.0 per cent
  • Conversely, rent prices rose by 1.6 percent with apartments posting the strongest growth at 2.9 per cent showing recovery after falls in mid 2019
  • The rise in rents for apartments has led to the rise in rental yields in the category to 7.19 per cent by end March 2020 compared to rental yields of 6.76 per cent recorded in the same period in 2019
  • The property market has significantly outperformed the NSE-20 in the last 5 years, with KES. 100 invested in the stock market in Q1. 2015 returning KES. 40 in Q1. 2020 while the same invested in property would return KES. 122 in the same time frame.
The Hass Composite Rental Index
All Properties
1.6 %
-0.7 %
1.73 Fold
Segment with Highest Quarterly Increase in Rental Price
Apartments in Ngong ( +6.4% over last quarter)
Segment with Lowest Quarterly Increase in Rental Price
Apartments in Mlolongo ( -4.6% over last quarter)
Segment with Highest Annual Increase in Rental Price
Apartments in Ngong ( +8.7% over last year)
Segment with Lowest Annual Increase in Rental Price
Apartments in Kitengela ( -10.4% over last year)
Nairobi Suburbs
Property Rental Index
Donholm
0.3 %
-0.2 %
1.78 FOLD
46,500
35,000
55,000
Gigiri
2.6 %
5.1 %
2.05 FOLD
371,000
350,000
450,000
Karen
1.1 %
-0.3 %
1.87 FOLD
240,400
175,000
300,000
Kileleshwa
0.2 %
-0.9 %
2.31 FOLD
232,400
160,000
300,000
Kilimani
1.6 %
3.9 %
1.99 FOLD
191,900
140,000
250,000
Kitisuru
-2.0 %
-7.7 %
2.48 FOLD
321,100
250,000
400,000
Langata
2.1 %
0.3 %
1.67 FOLD
194,500
90,000
270,000
Lavington
-1.9 %
-3.4 %
2.64 FOLD
274,100
220,000
350,000
Loresho
-1.6 %
-7.3 %
2.14 FOLD
216,500
180,000
250,000
Muthaiga
1.8 %
1.9 %
2.71 FOLD
319,700
250,000
400,000
Nyari
-1.5 %
-0.1 %
1.74 FOLD
335,700
278,000
380,000
Ridgeways
2.4 %
-1.0 %
2.18 FOLD
240,000
140,000
300,000
Runda
-1.6 %
-2.1 %
1.82 FOLD
321,100
250,000
380,000
Spring Valley
-1.5 %
-6.5 %
1.71 FOLD
255,700
200,000
290,000
Westlands
-0.3 %
3.5 %
3.24 FOLD
234,200
170,000
280,000
Nairobi Satellite Town
Property Rental Index
Athi River
0.52 %
-4.3 %
1.48 FOLD
45,200
40,000
55,000
Juja
1.7 %
3.7 %
3.00 FOLD
41,300
30,000
52,000
Kiambu
1.2 %
-5.1 %
2.00 FOLD
134,900
108,000
150,000
Kiserian
3.4 %
-5.6 %
2.38 FOLD
41,200
26,000
55,000
Kitengela
-1.0 %
0.9 %
1.83 FOLD
42,500
35,000
50,000
Limuru
1.5 %
-2.6 %
2.52 FOLD
100,300
90,000
120,000
Ngong
5.0 %
1.8 %
2.87 FOLD
40,200
40,000
60,000
Ongata Rongai
1.8 %
6.5 %
2.35 FOLD
43,400
30,000
45,000
Ruiru
2.4 %
2.9 %
2.48 FOLD
53,000
43,000
60,000
Tigoni
-4.6 %
3.8 %
2.26 FOLD
120,900
76,000
150,000