• About
  • Advertise
  • Privacy & Policy
  • Contact
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
Advertisement
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
No Result
View All Result
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.
No Result
View All Result
Home News News

Single- rooms Fetching High Returns for Developers

Joseph by Joseph
15th October 2018
in News
0
Single- rooms Fetching High Returns for Developers
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

By Moses Adongo

Developers of single room houses have recorded a growth in returns in the last two years compared to those erecting two- bedroom and three- bedroom rentals. This came as average rents for single rooms crossed the Ksh4000 mark in 2016 from Ksh3500 in 2014, representing 12.3% jump according to data from the Kenya National Bureau of Statistics (KNBS).

According to KNBS, single-room rents have recorded the fastest in rising even as the low-income earners struggle to put up with the growing cost of living. On the other hand, three-bedroom rentals recorded the slowest growth in rent, benefiting the tenants while fetching low returns for landlords. The data shows that rents for three- bedroom and two-bedroom units currently stand at an average of Ksh33,123 and Ksh20,080 respectively.

Sector stakeholders predict that low-income housing will grow faster in future compared to high-income housing amid flat demand in the high- end sectors.

“Developers have in the past overlooked the low-end housing market as they focus on high earnings from high-end homes. However, we now have a glut and the market will have to correct itself,” said Ravi Kohli, the managing director of Karibu Homes.

The real estate developer’s director gave examples of Nairobi’s Kilimani and Kileleshwa estates where several three- bedroom houses lie unoccupied for several months.

With the National Treasury mid this year announcing plans to reduce corporate tax for property developers who erect at least 1,000 units every year, sector players predict that this will spur investment in low-end homes market.

Story Source

in property price in the last quarter of the year.

Story Source

 

Kenya2uhub offers good deals in the following properties:

  • Green Park homes in Kilifi @ Ksh12M
  • Intercity Properties in Kajiado @ Ksh1.895M
  • Tinga Springs in Kajiado @ Ksh99,000
  • Ruaka Ridge homes in Ruaka @ Ksh7.1M
  • Grey Oak property in Nanyuki @ Ksh350,000
  • Grey Oak property in Athi River @ Ksh450,000
  • Blue Bells Apartment along Beijing Road @Ksh7.4M

 

Kindly contact us on info@kenya2uhub.com or +254721322754 or +254716142697

 

Share this:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • More
  • Click to print (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Skype (Opens in new window)

Like this:

Like Loading...

Related

Previous Post

Banks, Pension Plans Top Financiers of Real Estate Investment

Next Post

Kenyan Passport Ranked 73rd Most Powerful Globally

Joseph

Joseph

Next Post
Kenyan Passport Ranked 73rd Most Powerful Globally

Kenyan Passport Ranked 73rd Most Powerful Globally

  • Trending
  • Comments
  • Latest
Chilli Farming in Kenya, The Untapped Venture

Chilli Farming in Kenya, The Untapped Venture

20th August 2020
kenya2uhub.com

List of Chinese Construction Companies in Africa

5th February 2021
Raspberry Farming in Kenya: the sign of sucess

Raspberry Farming in Kenya: the sign of sucess

14th February 2022
One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

One Bedroom Unit to Cost Sh1 million Under New Affordable Housing

15th March 2019
Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

Kenyans in UAE Diaspora to Benefit from EXPO 2020 Dubai

3
Influencer marketing in Kenya. Image is a collage of camera, tablet with a social feed showing on screen and other pieces used for digital content creation.

Why You Should Be Considering The Use Of Influencers In Your Business – Let’s Talk Digital.

1

Aljazera interview with Uhuru – Tuesday 22nd

0

Tazama

0

Equity shareholders rewarded with Ksh 4.00 buyback and bumper dividend boost as equity record high profits

31st March 2023

The Dutch Way of Life: Why Cycling is So Popular in the Netherlands

28th March 2023

LSE Africa Summit, March 2023

27th March 2023

ANNOUNCEMENT!! ANNOUNCEMENT!!

24th March 2023

Recent News

Equity shareholders rewarded with Ksh 4.00 buyback and bumper dividend boost as equity record high profits

31st March 2023

The Dutch Way of Life: Why Cycling is So Popular in the Netherlands

28th March 2023

LSE Africa Summit, March 2023

27th March 2023

ANNOUNCEMENT!! ANNOUNCEMENT!!

24th March 2023
Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Promoting and Connecting investment opportunities and businesses both in the Diaspora and in Kenya for Kenyans in Diaspora.

Follow Us

Browse by Category

  • Business
  • Fintech
  • Hospitality
  • KCB DIASPORA AGENT
  • Lifestyle
  • News
  • News
  • Real Estate

Recent News

Equity shareholders rewarded with Ksh 4.00 buyback and bumper dividend boost as equity record high profits

31st March 2023

The Dutch Way of Life: Why Cycling is So Popular in the Netherlands

28th March 2023
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© Copyright 2022 Kenya2uhub.com Powered by Domains Africa Technologies

No Result
View All Result
  • Home
  • About Us
  • News
  • Business
  • Fintech
  • Real Estate
  • Hospitality
  • Contact Us
  • KCB Diaspora Agent
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
 

Loading Comments...
 

    %d bloggers like this: