The demand for residential homes on the outskirts of Nairobi is high surpassing the supply. Property values are set to gradually increase in coming years as more people are looking for places to call home and property is booming business. Residential estates in high demand include those in the locality of the UN headquarters such as
- Gigiri
- Runda
- Roselyn
- Muthaiga,
- Outskirts like Karen
High-end rental prices in Nairobi have edged up the highest for instance; Knight Frank’s latest index that tracked 16 cities shows a four-bedroom executive house in an upmarket residential estate in the city is let at about $4,400 (Sh374, 000) per month. Landlords get about six per cent in rental yields for high-end house
There are many different financing options for residential homes both by mortgage companies, commercial banks and savings and credit societies. The banks fund different percentages depending on property location, whether it is residential or commercial
Banks that provide mortgage finance include;
- Kenya Commercial Bank
- Barclays Bank
- Stanbic Bank
- Standard Chartered Bank
- Housing finance
- Commercial Bank of Kenya
- Diamond Trust Bank