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demand-apartments-kilimani-kileleshwa-rise-Kenya | Data Fintech
 

Demand for Apartments in Kilimani and Kileleshwa Rise.

The Kenyan real estate sector has been spurred by demand for housing according to Nairobi Business Monthly. According to the article, home owners are searching for secure neighbors with adequate amenities, proximity to the CBD and social amenities such as schools, shopping malls etc. Some of the sub-arbs with the highest potential included Kilimani and […]

Oct 19, 2017

 
 

The Kenyan real estate sector has been spurred by demand for housing according to Nairobi Business Monthly. According to the article, home owners are searching for secure neighbors with adequate amenities, proximity to the CBD and social amenities such as schools, shopping malls etc. Some of the sub-arbs with the highest potential included Kilimani and Kileleshwa. Well they weren’t wrong.

Known for its proximity to the CBD, social amenities and security Kilimani is popular among majority of expatriates. According to Data Fintech, the demand for apartments in Kilimani is high (93.3%). 3 – bedroom apartments experience the highest need of 66.7%.  When it comes to getting potential buyers, 3-bedroom apartments priced between Ksh 11 – 15 Million experienced an effective demand of 52.9%, showing that this is the type of property that expatriates really want.

Kileleshwa is popular among Kenyans for its proximity to the CBD, serene environment and proximity to schools. The area is most popular to the Kenyan middle class being the best place to raise a family. Apartments lead in demand of residential property in the area, with emphasis on 3-bedroom apartments. These apartments, priced between Ksh 15 Million and Ksh 20 Million have the highest effective demand standing at 71.4%. which shows that 3 bedroom apartments priced in these range are the what the Kenyan middle class in Kileleshwa are looking for.

To get the full report click here

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