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+

Q2. 2020 Highlights

Downward pressure on rents as COVID-19 pandemic slashes disposable incomes

  • While advertised prices over the quarter stabilized at 0.2 percent with mild falls in the apartment and detached house segments, COVID-19 pandemic’s toll on the economy has reduced incomes with tenants negotiating rents.
  • Close to half of tenants surveyed asked for rent discounts of between 25 and 30 percent
  • Donholm houses recorded the biggest quarterly drop in rental prices at 4.8 percent.
  • Sellers avoid rash decisions to avoid making long-term losses on property sales.
  • Overall prices dropped by 0.2 per cent over the quarter bringing the annual increase on all properties to just 2.9 percent.
The Hass Composite Rental Index
All Properties
0.2 %
1.4 %
1.71 Fold
Segment with Highest Quarterly Increase in Rental Price
Houses in Kiserian ( +6.7% over last quarter)
Segment with Lowest Quarterly Increase in Rental Price
Apartments in Langata ( -5.0% over last quarter)
Segment with Highest Annual Increase in Rental Price
Apartments in Thika ( +10.0% over last year)
Segment with Lowest Annual Increase in Rental Price
Apartments in Kitengela ( -11.8% over last year)
Nairobi Suburbs
Property Rental Index
Donholm
-4.8 %
-2.5 %
1.70 FOLD
44,300
35,000
50,000
Gigiri
-2.9 %
0.4 %
1.99 FOLD
360,100
305,000
400,000
Karen
1.4 %
1.8 %
1.89 FOLD
243,700
190,000
300,000
Kileleshwa
-1.2 %
-4.2 %
2.28 FOLD
229,500
160,000
280,000
Kilimani
-0.7 %
1.1 %
1.98 FOLD
190,500
140,000
230,000
Kitisuru
-1.5 %
-7.7 %
2.44 FOLD
317,200
250,000
380,000
Langata
-2.3 %
-1.2 %
1.63 FOLD
189,900
90,000
270,000
Lavington
-1.3 %
-4.2 %
2.61 FOLD
270,700
220,000
330,000
Loresho
-0.1 %
-7.3 %
2.14 FOLD
216,200
190,000
250,000
Muthaiga
1.9 %
4.2 %
2.76 FOLD
325,700
250,000
400,000
Nyari
-1.6 %
-2.3 %
1.71 FOLD
330,300
270,000
380,000
Ridgeways
-2.9 %
-4.6 %
2.12 FOLD
233,100
140,000
280,000
Runda
-0.2 %
-2.2 %
1.81 FOLD
320,400
250,000
380,000
Spring Valley
-0.7 %
-5.5 %
1.70 FOLD
253,800
200,000
292,500
Westlands
-0.6 %
0.9 %
3.22 FOLD
232,900
175,000
270,000
Nairobi Satellite Town
Property Rental Index
Athi River
1.14 %
-1.6 %
1.47 FOLD
44,700
40,000
51,000
Juja
-0.5 %
5.2 %
2.98 FOLD
41,000
30,000
52,000
Kiambu
-2.0 %
-4.3 %
1.96 FOLD
132,300
110,000
150,000
Kiserian
6.7 %
-4.3 %
2.54 FOLD
44,000
30,000
55,000
Kitengela
2.3 %
5.2 %
1.87 FOLD
43,500
35,000
50,000
Limuru
0.7 %
1.6 %
2.54 FOLD
101,000
90,000
120,000
Ngong
2.1 %
4.9 %
2.93 FOLD
51,300
40,000
60,000
Ongata Rongai
-2.1 %
5.4 %
2.30 FOLD
42,400
30,000
45,000
Ruiru
1.0 %
3.0 %
2.50 FOLD
53,500
43,000
60,000
Tigoni
0.8 %
8.7 %
2.28 FOLD
122,000
80,000
150,000