Monday, March 16, 2015

Kenyans Spend 44% Of Their Income On Rent

Kenyans spend about 44 per cent of their incomes on rent according to the latest annual Kenya National Housing survey.

The survey goes on to indicate that the capital city of Nairobi has the most expensive rental houses which easily fetch the highest value in the rental market.

There are 58,248 houses whose rent is above Sh20,000 a month. Three quarters of these are in Nairobi while 7,009 (or 12 per cent) are in the neighbouring Kiambu County.

Mombasa is home to seven per cent of the most expensive rental homes while Uasin Gishu, whose capital is Eldoret — is home to one per cent of the most expensive homes countrywide.
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