Selected price range of Nairobi areas and its Environs

No.	Areas	Min. plot size	Price/ Plot (Kshs)	House/ Apartmt 3-5 B/Rm.	Title Nature	User	Services
1.	Athi river	1/8 Acre	0.3M-0.5M	House: 3.5M-4.0M	Lease	Res	Water, Elec, Roads
2.	CBD	1/8 Acre	N/A	Case by case	Lease	Com	All
3.	Garden Estate	1/2 Acre	7.0M-8.0M	House: 20M-30M	Lease	Res	Main services, No sewer
4.	Gigiri and Whispers	1/2 Acre	20 M-30 M	House: 30M - 50M	Lease	Res	As above
5.	Kamiti Area	1/8 Acre	1M - 1.5 M	House: 2.5M-3.5M	Freehold	Res	All services
6.	Kamiti Corner	1/8 Acre	1M - 1.5M	House: 10M - 15M	Freehold	Com/Agr	Water, Elec, roads
7.	Karen Dagoreti road	1 Acre	12M -15M	House: 30M - 50M	Freehold	Res	As above
8.	Karen Hardy	1 Acre	12M - 15M	House: 30M - 50M	Freehold	Res	As above
9.	Karen plains	1/2 Acre	8M -10 M	House: 25m - 35m	Freehold	Res /Com	As above
10.	Kasarani	1/8 Acre	1.5M-2.0M	House: 6M- 9M	Lease	Res / Com	As above
11.	Katani	1/8 Acre	0.4M-0.5M	House: 3M- 5M	Freehold	Res / Com	Roads
12.	Kiambu Rd/ Thimbigua	1/2 Acre	5M -6M	House: 10M - 15M	Freehold	Res / Comm	Roads, Elec, water
13.	Kileleshwa	1/2 Acre	40M - 50M	Apartment: 10M - 15M	Lease	Res	All services
14.	Kilimani	1/2 Acre	40M-50M	Apartment:  9M - 12M	Lease	Res / Com	All services
14.	Kitengela	1/8 Acre	0.4M-0.5M	House: 4M- 6M	Freehold	Res / Com	Water, Elec roads
15.	Kitisuru	½ Acre	6M - 8M	House: 20m - 40m	Lease	Res	As above
16.	Kyuna	½ Acre	6M - 8M	House: 20M - 40M	Lease	Res	As above
17.	Langata Areas	1/8 Acre	3M - 5M	Apartment:  10M- 15M	Lease	Res / Comm	All services
18.	Lavington	1/2 Acre	25M - 30M	Town House: 14m- 16m Apartment:  7M -10M	Lease	Res / Com	All services
19.	Lukenya	1/8 Acre	0.4M-0.7M	N/A	Freehold	Res / Com	Roads , Elec
20.	Milimani	1/2 Acre	25M -45M	Apartment:  9M -12M	Lease	Res / Com	All services
21.	Mombasa Rd Mlolongo	1/8 Acre	0.5M -1M	House: 5M - 8M	Lease	Res /Com	All services
22.	Mombasa Rd, JKIA	1/8 Acre	0.4M-0.5M	House: 3.5M -5M	Lease	Res	Water, Elec, roads
23.	Muthaiga North / Ribshark	1/2 Acre	8M - 10M	House: 15M - 35M	Lease	Res	As above
24.	Nairobi West	1/16 Acre	6 M - 10M	House: 9M-15M	Lease	Res / Com	All services

Notes:

1. Indicative prices, can change any time without notice
2. These are the current normal price ranges, anything above may require an official valuation
3. Anything below the stated figure needs to be thoroughly investigated to avoid being conned
4. Price changes within same locality due to quality of finish of houses, future prospects e.g. next to proposed road, school etc
5. There are lots of banks and financial institutions willing to give mortgages at negotiated rates
6. Always view the property before buying
7. Always use a legal process to purchase any property e.g. lawyer etc
8. Always check user and whether it is possible to change the same if need be in future
9. Always insist on seeing and authenticating copies of documents, ID etc before buying
10. There is always a property to suit your pocket and taste so go ahead get yours NOW!!!!!!!!!!!!!

 
 
 

 

Bank	RATES	PERIODS	MAX	FEE LOAN	INSUARANCE
KCB	18.00%	72 months	1.5M	2%	0.54%
Equity bank	18.00%	60	1.0M	2%	N/A
EcoBank	18.00%	60	1.0M	2%	N/A
NBK	18.00%	60	1.0M	1%	0.25%
Bank of Africa	18.00%	48	1.0M	1%	N/A
CBA	19.00%	48	1.0M	1%
Stanchart	19.75%	60	2.0M	3%	N/A
Co-OP Bank	18.00%	60	2.0M	2.25%	From CIC
CFC Stanbic	23.25%	36	1.5M	0.5%

Banks	Amounts	1 Mths %	3 Mths %	6 Mths%	9 Mths %
Fina Bank	Min1M	3.5%	4%	3.75%	N/A
EcoBank Kenya	Min-0.5M	3.50%	4.50%	5.75%	6.75%
	0.5M-1M	4.50%	5.50%	6.75%	7.25%
CFC Stanbic	Min-5M	4.0%	4.50%	5.00%	N/A
StanChart	Min-0.5M	3.50%	4.00%	5.00%	N/A
NBK	Min-0.5M	2.00%	2.50%	2.50%	3.75%
	0.5M-1M	3.50%	4.00%	4.00%	4.50
	0.5M-1M	3.25%	3.75%	4.00%	4.25%
CO-OP Bank	0.7M-1M	2.75%	3.25%	3.50%	4.00%
Fidelity Bank	Min-5M	3.50%	4.00%	3.75%	N/A

	Rates	Period	Max LTV	FEE
BBK	13.50%	Up to-20yrs	90.0%	1.0%
S&L	14.00%	Up to-25yrs	90.0%	1.0%
StanChart	14.50%	Up to-20yrs	90.0%	1.0%
Britak	14.50%	Up to-15yrs	75.0%	1.0%
CFC Stanbic	13.25-16.25%	Up to-20yrs	100.00%	0.50%
HF	15.75%	Up to-20yrs	90.00%	1.00%
CBA	14.00%	Up to-25%	75.00%	1.00%
Eco Bank	16.00%	Up to-20yrs	75.00%	2.00%
I&M	17.00%	Up to-10yrs	80.00%	1.50%

*Loan to value – Maximum bank is willing to lend against value of property
**Offers a fixed rate of 14.5% for period up to 5 years. Some Bank provides more than one variable Rate based on repayment period. Money has taken the maximum period offered for ranking based on the corresponding rate. (Source: Money)

 

This tool allows you to checkLand registration numbers to see if they are valid (i.e. in current use).

Land Rent owner who have NEVERpaid any land rent since allocation of land are advised that they can now check their outstanding land rent amount as at 1st August 2007 using the LR NO. as indicated in the title deed.

Monthly Diaspora Remittances Inflow 2004 to 2010 in US$ '000. Source:Central Bank of Kenya

Year	2004	2005	2006	2007	2008	2009	2010
January	25,154	28,564	31,506	40,930	53,925	39,535	45,117
February	27,676	26,056	30,283	39,533	50,382	53,353	46,423
March	29,944	31,219	36,354	48,562	59,344	55,361	52,309
April	27,773	29,216	35,369	38,251	67,872	48,117	52,679
May	26,931	32,358	42,427	41,163	48,538	49,180	51,172;
June	30,047	34,360	35,667	48,643	49,490	46,347	52,541
July	33,187	29,133	41,065	53,350	44,137	50,372	50,652
August	28,894	31,759	30,587	58,803	43,388	55,947
September	28,894	31,616	28,841	60,575	48,953	53,347
October	25,223	33,037	29,633	46,848	61,113	53037
November	25,473	34,282	31,403	55,564	43,970	48,231
December	29,130	40,557	34,459	41,421	40,129	56,329
Annual Total	338,326	382,153	407,593	573,643	611,241	609,156	350,893

 

Indicative Exchange Rates for  17-September-2010
CURRENCY		MEAN
USD		80.5903
GBP		126.5478
EUR		105.8328
ZAR		11.3157
UGX		27.8322
TZS		18.8175

 

INFLATION RATES(%)
Overall
12 - Month	3.2	August 2010
INTEREST RATES(%)
Central Bank Rate	6.00	28 July 2010
T-Bills(91)	2.100	13 Sept 2010
T-Bills(182)	2.199	20 Sept 2010
T-Bills(364)	3.000	16 Aug2010
Interbank Rate	1.1082	15 Sept 2010
REPO	1.843	30 Aug2010
Horizontal REPO	2.892*	10 Sept 2010
* Prevailing HRTweekly weighted average rate
COMMERCIAL BANK RATES(%)
Lending Rate	14.29	July 2010
Savings Rate	1.55	July 2010
Deposit Rate	3.85	July 2010
Overdraft Rate	14.03	July 2010

 
Source: Central Bank of Kenya.  http://www.centralbank.go.ke