Real Estate in Nairobi, Kenya
Last updated on Jan 04, 2023
Summary: The average cost of a nice 2 bedroom home in Nairobi, Kenya is around $150,000 USD. A nice 3 bedroom home in Nairobi is around $200,000 USD. These properties typically include modern amenities such as air conditioning, internet access, and security systems. There are no restrictions on foreign ownership for properties in Nairobi. An expat should search for a home to buy in Nairobi by researching the different neighborhoods and areas of the city. They should also consider their budget and the amenities they are looking for in a home. The most desirable neighborhoods in Nairobi include Westlands, Kilimani, Lavington, and Kileleshwa. These areas are known for their safety, modern amenities, and proximity to shopping, restaurants, and other attractions.
How do I find a place to live in Nairobi?
We asked expats how they chose their neighborhood and found a place to live. They answered:
"One option for finding a place to live in Nairobi is to search online for rental listings. There are many websites that offer listings of apartments, houses, and other types of rental properties in the city. Additionally, you can contact local real estate agents who specialize in the Nairobi area to help you find a suitable place to live. You can also ask friends and family who live in the city for recommendations. Finally, you can look for rental postings in local newspapers and on bulletin boards in the city," remarked one member in Nairobi.
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What is a typical expat home or apartment like in Nairobi?
"Expat homes and apartments in Nairobi are typically modern and spacious, with large windows and balconies that offer stunning views of the city. Many expat homes and apartments come with amenities such as swimming pools, gyms, and 24-hour security. Expats can also find furnished apartments with all the necessary appliances and furniture. Most expat homes and apartments are located in the city center, close to shopping malls, restaurants, and other attractions," remarked one foreigner who made the move to Nairobi.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
SJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
Click connect to have our partner contact you via e-mail and/or phone.
What is the average cost of housing in Nairobi?
If you are thinking about moving to Nairobi, cost of living in probably a key consideration. Expats commented about the cost of housing:
"The cost of housing in Nairobi varies greatly depending on the area and type of housing. Generally, the average cost of a one-bedroom apartment in the city center is around $500 to $700 per month, while a three-bedroom apartment in the suburbs can cost anywhere from $800 to $1,500 per month. Prices for larger homes and villas can range from $2,000 to $5,000 per month," said one person in Nairobi.
Should I buy or rent a home in Nairobi?
If you have not spent a lot of time in Nairobi, you should rent before even thinking about buying. We asked expats there about the buy vs. rent decision:
"Buying a home in Nairobi can be a great investment, as the city is growing rapidly and property values are increasing. However, it is important to consider the cost of living in the city, as well as the availability of housing. Renting a home in Nairobi can be a more affordable option, and it can also provide more flexibility if you are not sure how long you will be living in the city. Ultimately, the decision to buy or rent a home in Nairobi will depend on your individual needs and budget," said one person in Nairobi.
What do I need to know when buying property in Nairobi?
When we asked expats what advice they would give a foreigner before buying a property in Nairobi, they said:
"1. It is important to research the area you are looking to buy in, as some areas may be more desirable than others. 2. Make sure to get a lawyer to help you with the legal aspects of the purchase, as they will be able to advise you on the best way to proceed. 3. Be aware of the taxes and fees associated with buying property in Nairobi, as these can add up quickly. 4. Consider the cost of living in the area you are looking to buy in, as this can have a big impact on your budget. 5. Make sure to inspect the property thoroughly before making a purchase, as this will help you to identify any potential problems. 6. Be aware of the local laws and regulations regarding property ownership, as these can vary from area to area. 7. Consider the security of the area you are looking to buy in, as this can be a major factor in your decision. 8. Make sure to get a surveyor to inspect the property before you buy, as this will help to ensure that the property is in good condition," said one foreigner living in Nairobi, Kenya.
Are foreigners allowed to own property in Nairobi?
When we asked expats what advice they would give a foreigner before buying a property in Nairobi, they said...
"Yes, foreigners are allowed to own property in Nairobi. However, there are certain restrictions and conditions that apply. Foreigners can only own property on a leasehold basis, with the lease period typically ranging from 33 to 99 years. This means that the foreigner does not own the land on which the property is built, but rather has the right to use and occupy the land for the duration of the lease. Additionally, foreigners may be required to obtain approval from the Kenyan government before purchasing property, and they may also be subject to certain taxes and fees. It is important for foreigners to consult with a local attorney or real estate agent to ensure they understand and comply with all relevant laws and regulations when purchasing property in Nairobi," remarked one foreigner who made the move to Nairobi.
What appliances are typically included in a rental?
We asked foreigners in Nairobi what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"In a rental property in Nairobi, tenants can typically expect to find a refrigerator, stove, oven, and washing machine. Other common appliances include a microwave, toaster, and coffee maker. Depending on the property, tenants may also find air conditioning units, water heaters, and other amenities," said one expat in Nairobi.
Additional Information about Searching for a Home in Nairobi:
We asked foreigners in Nairobi what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats searching for homes in Nairobi often begin by exploring online property listings on websites such as BuyRentKenya, Property24, and Lamudi. They may also join expat forums and social media groups to seek advice and recommendations from fellow expats who have experience in the local housing market. Additionally, they might consult with local real estate agents who have expertise in finding suitable properties for foreigners. Expats may also visit popular neighborhoods in Nairobi to get a feel for the area and scout for rental signs or contact property management companies directly. Networking with colleagues and friends who are familiar with the city can also be helpful in finding a suitable home," explained one person living in Nairobi, Kenya.
About the Author
Betsy Burlingame is the Founder and President of Expat Exchange and is one of the Founders of Digital Nomad Exchange. She launched Expat Exchange in 1997 as her Master's thesis project at NYU. Prior to Expat Exchange, Betsy worked at AT&T in International and Mass Market Marketing. She graduated from Ohio Wesleyan University with a BA in International Business and German.
Some of Betsy's articles include 12 Best Places to Live in Portugal, 7 Best Places to Live in Panama and 12 Things to Know Before Moving to the Dominican Republic. Betsy loves to travel and spend time with her family. Connect with Betsy on LinkedIn.