Forget Townhouses and Houses, Apartments set to bring in higher Returns in 2018

2018 unveils the popularity of apartments in the Kenyan real estate sector as compared to Houses and Town Houses. According to Hass Consult, this can be explained by the increase of younger families in Kenya who would prefer more affordable and smaller homes. Data Fintech’s January Global Real Estate Report shows an increase in the […]

Feb 15, 2018

 
 

2018 unveils the popularity of apartments in the Kenyan real estate sector as compared to Houses and Town Houses. According to Hass Consult, this can be explained by the increase of younger families in Kenya who would prefer more affordable and smaller homes. Data Fintech’s January Global Real Estate Report shows an increase in the ask price of apartments in the Kenyan real estate market in January 2018 as compared to December 2018. The report shows a 3% increase in the volume of 3-bedroom apartments in the real estate market from Ksh 19.72 Million to Kshs 20.35 Million. Houses and Townhouses on the other hand faced a 27% and 18% drop respectfully, between December 2017 and January 2018.

Earlier last week, Czech Republic-based private equity real estate developer, Lordship Africabroke ground for a 44 -residential tower in Nairobi set to host 288 luxury apartments. The building will be in Upper Hill and will feature high end residential condominiums. A smart move considering the performance 3-bedroom apartments for rent in the Kenyan market. Between December 2017 and January 2018, the DF Global Real Estate Report showed a 19% increase in the average rental revenue for 3-bedroom listings across the marketplaces from Kshs 139,438 to Kshs 166,410. In fact, as compared to January 2017, January 2018 has witnessed a 31% increase in the average rental revenue per month for 3-bedroom apartments, simply proving that for apartments would be the best investment option in the real estate market.

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Earlier last week, Czech Republic-based private equity real estate developer, Lordship Africabroke ground for a 44 -residential tower in Nairobi set to host 288 luxury apartments. The building will be in Upper Hill and will feature high end residential condominiums. A smart move considering the performance 3-bedroom apartments for rent in the Kenyan market. Between December 2017 and January 2018, the DF Global Real Estate Report showed a 19% increase in the average rental revenue for 3-bedroom listings across the marketplaces from Kshs 139,438 to Kshs 166,410. In fact, as compared to January 2017, January 2018 has witnessed a 31% increase in the average rental revenue per month for 3-bedroom apartments, simply proving that for apartments would be the best investment option in the real estate market.

To stay up to date on the best real estate investment options in Kenya subscribe here