Apartment blocks in Huruma, Nairobi County. FILE PHOTO | NMG
Summary
- Rent for one-room unit shot up 55 per cent to Sh4,310 over the period, according to KNBS data.
- Single-room units, popular with low income earners, have gained the most in terms of rate of returns on their investments, especially in major towns.
- The majority urban poor population opt for the small units whose charges fit their meagre budgets.
Rent for two-bedroom houses rose the slowest over the past seven
years as tenants of single-room houses absorbed the steepest rise in
changes that have seen the poor suffer most.
Official
data shows that rent for two-bedroom bungalows is up 32 per cent to an
average of Sh29,210 since 2011 while that for one-room unit shot up 55
per cent to Sh4,310 over the period, according to latest data from Kenya
National Bureau of Statistics (KNBS).
This means
tenants of two-bedroom units have benefited from slower rent rise while
landlords who have put money developing single-room houses have raked in
higher returns.
Three-bedroom maisonettes recorded a
34 per cent rise to Sh36,097 in the seven-year period
The KNBS does not currently track the rent for one-bedroom
houses. The rent data means developers of single-room units, popular
with low income earners, have gained the most in terms of rate of
returns on their investments, especially in major towns. They are
followed by investors in two-bedroom flats, then three-bedroom
maisonettes while bungalows are bottom.
The majority
urban poor population opt for the small units whose charges fit their
meagre budgets. Two-bedroom flats also fit within the budgets of the
middle class and their locations near or along routes connecting to
commercial towns have proved convenient in daily commute. Maisonettes
are often located in places farther from town centres and are preferred
by the rich while most middle-income commuters opt for two-bedroom units
whose lower costs match their budgets.
The KNBS shows
that Nairobi’s middle class homes spend the bulk of their monthly income
(23.6 per cent) on housing, utilities and cooking gas.
Poor homes spend 18.2 per cent of their income on rent and utilities while rich homes spend 19.8 per cent.
In
2011, the rent for two-bedroom bungalow stood at an average of
Sh22,152, two-bedroom flat at Sh13,974, three-bedroom maisonette
(Sh27,005) and Sh2,784 for single-rooms.
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