Donholm place to be as Nairobi rents drop

Donholm posted the biggest quarterly drop in rent at 4.8 per cent for houses in Nairobi, a new report shows.

Donholm posted the biggest quarterly drop in rent at 4.8 per cent for houses in Nairobi, a new report shows. According to the quarter two HassConsult Property Index, rents in a majority of Nairobi suburbs and satellite towns fell marginally even as the number of tenants seeking relief from landlords rose. At the same time, the HassConsult land price indices showed that land prices continued to “mildly soften” in both the suburbs and satellite towns. Currently, Upper Hill has the most expensive land at Sh525.7 million per acre, while in the satellite towns an acre in Ruaka has an asking price of Sh89.8 million, according to the Hass Land Index for quarter two.

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