A report by Cytonn Investment Firm has listed top-notch residential areas to live in Nairobi and also given their return rates on investment.
In a detailed report, the investment firm has shared various land rates, the average rent paid per square metre and other variables.
The leading estate, in terms of return on investment, is Loresho, which is attributed to the area's proximity to the high-end Kitisuru. A square metre goes for Ksh 146,540 and a local should expect to pay Ksh 575 per square metre in rental dues.
Runda Mumwe, where a square metre of land goes for Ksh 158,932, followed with a total return rate of 5.8%. Anyone living here must be willing to part with Ksh 662 per square metre in terms of rent.
At a return rate of 3.8% and average land price going at Ksh 120,928 per square metre, South C comes in third in the list. Residents part with at least Ksh 494 per square metre on rent.
Redhill & Sigona is the fourth-best estate for investors with an ROI rate of 3.6% and going at an average of Ksh 105, 218 per square metre. Anyone interested in this region needs to be ready to pay Ksh 367 per square metre on matters rent.
Lang'ata has also been featured as the fifth most lucrative area to invest in with a return rate of 3.0%. Its land rate stands at Ksh 142, 183 per square metre and average rent at Ksh 556 over the same measurement.
Surprisingly, despite its land rate being the highest at Ksh 180,021 per square metre, Lavington's return on investment rate stands at 3 percent. On average, one parts with Ksh 555 per square metre.
The filed report also shows that Runda Mumwe and Lavington are the highest in terms of demand by high-end middle-class citizens at 26.1 and 27.3% respectively.
Runda Mumwe is attractive to many owing to its closeness to the high-end Runda estate and proximity to amenities such as Two Rivers and other malls along Kiambu Road, schools such as Sabis International and Braeburn, foreign embassies and international organisations.
Lang'ata and Lavington posed the lowest returns owing to increasing relaxation of zoning regulations in both areas, therefore, invited a proliferation of high-rise developments that scares away low-rise home buyers.
Runda, Kitisuru and Muthaiga were not listed as they were exclusively ranked as very high-end areas with Runda being located in Kiambu County.
