Nairobi, Kenya
Property prices · 2024 · Africa
Property price trend in Nairobi (2024–2026)
Property comparison — cities in Kenya (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Nairobi |
|---|---|---|---|---|
| Nairobi | KES 185,000 | KES 115,000 | KES 55,000 | — |
| Mombasa | KES 85,000 | KES 55,000 | KES 25,000 | -54.1% |
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Nairobi in 2024?
In Nairobi, the average price per sqm in the city centre is KES 185,000, and KES 115,000 outside the centre (2024 data). Prices have risen 7% since 2024.
How much is rent in Nairobi in 2024?
A 1-bedroom apartment in Nairobi rents for approximately KES 55,000 per month in 2024. A 3-bedroom apartment costs around KES 105,000/month.
Is it better to buy or rent in Nairobi?
Buying may offer better long-term value in Nairobi. The price-to-rent ratio is 11.0x — it would take approximately 11.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 13.50%.
What are mortgage rates in Kenya in 2024?
The average mortgage rate in Kenya is approximately 13.50% as of 2024. With a price-to-rent ratio of 11.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Nairobi?
The average property price per square metre in Nairobi city centre is KES 185,000 in 2024. Outside the centre, expect to pay around KES 115,000/sqm.