DF Real Estate Market Report: What to Invest in in 2018

In January 2018, Data Fintech’s Real Estate Global Market report unveiled the popularity of apartments in the Kenyan real estate sector as compared to Town Houses and Houses. As of January 2018, the average ask prices for 3-bedroom apartments had increased by 3% to Kshs 20.35 Million, while Town Houses and Houses faced drops of […]

Mar 22, 2018

 
 

In January 2018, Data Fintech’s Real Estate Global Market report unveiled the popularity of apartments in the Kenyan real estate sector as compared to Town Houses and Houses. As of January 2018, the average ask prices for 3-bedroom apartments had increased by 3% to Kshs 20.35 Million, while Town Houses and Houses faced drops of 27% and 18% respectfully between December 2017 and January 2018.

February 2018 sees the DF Residential Market index drop by 22.80% to 53.65 points. All three property types experienced a drop-in DF index: Apartments (39.19), Town Houses (62.19), Houses (63.79), indicating a drop in the number of units listed on the marketplace. Apartments experienced the highest drop in listings.

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For investors looking to make returns in the real estate sector, here is a tip. 3-bedroom apartments have witnessed an increase in average asking price, growing by 14% from Kshs 19.42 Million to Kshs 22.20 Million. Kileleshwa and Westlands both enjoyed surges in February 2018 as compared to February 2017. In fact, Westlands has seen a 18% surge from Kshs 23.96 million to Kshs 28.27 Million. Average rent revenue grew simultaneously from Kshs 134,000 to Kshs 144,920 within the same period. DF’s Recommendation to investors is to buy 3-bedroom apartments in Westlands as the 12 months average return on investment is 6.15%.

 

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Good news for individuals looking to invest in Kilimani, 3-bedroom Apartments are expected to face a 19. 78% drop in average asking price from Kshs 20.17 Million in January 2018 to Kshs 16.18 Million in September 2018.  Average rent prices on the other hand are expected to increase by 14.32% from Kshs 127,760 in January 2018 to Kshs 146,000 in the September 2018. The study has been realized by Data Fintech, based on data collected from several online marketplaces in Kenya. For the full report and regular updates contact us here.

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