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These Are The Cheapest Locations To Buy A House In Nairobi

 The property sector in Kenya is experiencing a boom and more people are rushing to snap up their fair share of the real estate market.

With a macroeconomic environment and increased homeownership, the demand for houses has increased exponentially. Buying a house is a great investment for anyone who is hoping to climb the property ladder. In addition to being an investment opportunity, your property will also serve as a home for your family.

Dan Karua, Managing Director Lamudi Kenya said: “The property sector is currently booming and it will continue to grow. Developers are also coming up with houses that can feed the diverse market segments. Buying a house is a long-term investment and getting the right location that matches your budget is very important.”

Lamudi looks at the most expensive – and the cheapest – locations you can buy a house within Nairobi.

The most expensive location to buy a house is located just 22 kilometres away from the Nairobi Central Business District in the leafy, serene and posh residential suburb of Karen. Properties in this area generally offer contemporary house designs with a country feel. The tranquil atmosphere of the area exudes elegance and luxury, with houses costing Kshs 285 million on average.

The strict zoning regulations of the area have ensured that the area maintains its appeal as a top tier luxury property destination. This has made the area attractive to the expat population, top businesspeople and government officials. Security is not compromised as residents prioritize safety for their household and family.

 

At the opposite end of the scale, just 45 kilometres from the NCBD, Athi River has become the most sought-after location for affordable houses. The former arid area has seen an increasing number of affordable residential houses sprouting up primarily because of the availability of land.

 

The high number of construction-related companies – such as cement and iron sheet companies – has facilitated in lowering of the cost of construction and led to improved ┬áthe infrastructure in the area. This is the commuter town for most Nairobians due to the convenience and affordability of the area. Houses here cost Kshs 9.5 million on average.

“The market is ripe for everyone to own a property, and with the increasing demand for homeownership it is a matter of considering which area is affordable to you while still meeting your property needs,” Mr. Karua concluded.

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Top Locations For Properties Outside Nairobi

NAIROBI, MAY 20, 2015: The on-going infrastructural developments within and outside Nairobi Central Business District (NCBD) has facilitated the current property boom in the outskirts of Nairobi. It has eased the on-going exodus of people from the city to the satellite towns of the nation’s capital city.

 

lamudi property
The infrastructural developments, especially on roads, have made the satellite towns easily accessible therefore commuting to and from the NCBD hassle free. This has made the towns a preferred location for most of the people moving out from the city centre.

Lamudi Kenya has compiled a list of the most sought out after locations outside Nairobi.

 

Kitengela

Kitengela town is located in Machakos County. The town has grown immensely over the past few years to be the most sought out after neighbourhood to buy a house. Its proximity to the city and the presence of a rail transport network as another means of commuting from the NCBD has facilitated the conversion of former arid land into a booming affordable real estate frontier. The town has adequate shopping amenities that makes living and staying in the area comfortable.

Athi River

Athi River lies perfectly well along the trunk road, Mombasa Road, still in Machakos County. The availability of affordable land and excellent infrastructure has made the area a prime location for affordable apartments for sale. The apartments which have modern finishes and spacious have attracted the discerning middle class into the area. Athi River also features diverse housing options to fit into the low to middle income segments with the presence of alternative houses in the area such as prefabricated houses.

Naivasha

Naivasha town has grown to be a preferred getaway location for most Nairobi residents. This has resulted to an influx of holiday homes in the town. Naivasha currently hosts a number of gated golf communities such as the Aberdare Hills Golf resort, Osotua Villas and Longonot Gate. The expanding number of middle class moving out of the NCBD has facilitated the growth of Naivasha town. The town is easily accessible through an elaborate road network and air transport.

Thika

Located along the Thika Super Highway, Thika town has grown tremendously after the completion of the superhighway. The town hosts a number of industrial plants for agricultural and horticultural processing, animal feeds, motor vehicle assembly and fast moving consumer goods which have aided in the property growth being experienced in the town. Plush estates have been developed to house the staff of these companies that have also lured Nairobi residents into the town.

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