The housing market in Kenya is a competitive one. If you are looking for houses for sale in Nairobi, it is not easy to find a good deal. Houses for sale in Nairobi are often sold at high prices and the demand for property is high.
In this article, we will take a look at the current situation of the housing market in Kenya and how and how Nyumbani helps you to find the best deals. We will also look at some of the factors that affect house prices in Kenya and how you can identify whether or not you are getting a good deal on your house purchase.
Factors that can affect prices for houses for sale in Nairobi
The housing market is a complex system of supply and demand, which is why it’s not always easy to find the best deal. That said, there are several factors that can affect house prices.
Location
Location affects house prices because it determines the price of living in a specific area. For example, if you want land close to public transportation or close to amenities like grocery stores and schools, then this will increase the cost of your property. If you are looking for an affordable property with good amenities, then you should look at areas where there are some lower-income communities or near public housing developments.
Size
Larger properties are more expensive than smaller ones because they have more room for family, furniture and other items.
Age & Condition
Newer homes with better finishes will appraise more value than old homes.
The local market
Like any other market, the real estate market is also controlled with supply and demand. What the consumers see as a good buying price and what they are willing to pay for property will have an impact on the final price.
How does the current Kenyan real estate market look like?
The Kenyan real estate market has experienced a resurgence in the past few years. More developments have come up and houses for sale in Nairobi has increased. The demand for houses is on the rise and there are many properties on sale, from small apartments to luxury homes. Many people are investing in property as a way to diversify their assets.
Kenya’s real estate sector has been growing steadily in recent years, with the number of housing starts and completions increasing.
Here are some examples of houses for sale in Nairobi:
1) A 1 bedroom duplex apartment in Kinoo for Kshs.3,200,000 (approx. $30,000)
This 1 bedroom apartment has been showcased by Nyumbani and is located in Kinoo, just 25 mins away from the central business district.
Some of the amenities include:
Lift
Cctv
Electrical fence
24/7 security
Rooftop chilling point
Common area cleaner
Borehole water
2) 2 bedroom apartment in Syokimau for Kshs.4,500,000 (approx. $37,400)
This are well-designed 2 Bedroom apartments houses for sale in Nairobi located 1 Kilometre off Mombasa Road, Syokimau.
The apartment comes with a lounge, kitchen fitted with cabinets, paved driveways & walk ways and adequate security manning the premise.
3) 5 bedroom villa in Kitengela for Kshs. 19,000,000 (approx. $158,000)
4) 3 Bedroom apartment in Syokimau for Kshs. 8,500,000 (approx. $70,500)
How to find the best real estate deals?
Here are some tips on how you can find the best real estate deals and what to do before you buy one.
– Consider the location of the house
– Find out about the neighborhood
– Find out about the schools in that area
– Find out about the commute to work
– Will the space be enough for you?
– Are the amenities around good enough?
Finding a good property is not easy. There are many houses for sale in Nairobi, but not all of them are worth your time. That is why you need to do your homework and luckily enough, Nyumbani is here to help. Filter through our listings and find exactly what you need.
