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The Hass Property Index

Apartment rents fall as market reacts to increased supply

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New! Nairobi West, South C, Kileleshwa, Upper
Hill, Ridgeways, Mombasa Rd, Brookside, Rhapta Rd.

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Quarter 4. 2015

Apartment rents fall as market reacts to increased supply

  • Overall, asking sales prices for residential property rose 3.6 per cent in the final quarter of 2015, maintaining the market's upward cycle after the fall in Q4 of 2013.

  • Rents for all properties fell by 0.1 per cent in the final quarter of 2015, with apartments recording the highest fall of 2.3 per cent

  • The fall in rents for apartments has led to the decline in rental yields in the category to 6.29 per cent by end December 2015

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