You asked: How much does an apartment cost in Kenya?

Average rent for a 900 square foot apartment in a sought-after area of Nairobi is Ksh150,489, and monthly utilities are Ksh6,383 (prices correct May 2018.)

How much is an apartment in Kenya?

The average price for a 1-3 bedroom residential property is currently KES 14.4 million (US$140,666), while the average price for a 4-6 bedroom residential property is KES 39.1 million (US$ 381,948). In Kenya, most property purchases are for cash.

Is it cheap to live in Kenya?

Summary: A single person estimated monthly costs are 497$ (53,464KSh) without rent. … Cost of living in Kenya is, on average, 49.21% lower than in United States.

How much does building an apartment cost in Kenya?

The construction cost is approximately KES 20,000 per square meter. A double room of 25 m2 will cost KES 500,000 to construct. The construction cost estimates include labor, materials and professional fees.

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How do you buy an apartment in Kenya?

Important Steps to Buying an apartment in Nairobi Kenya

  1. Take the help of professional agents. Traditionally, the agents used to take commissions from the clients but now, the agents do not take any commission. …
  2. Need for appraisal. …
  3. Check the background of the property. …
  4. Location of the property. …
  5. Accessing different places. …
  6. Interior amenities. …
  7. Conclusion.

What is a good salary in Kenya?

A person working in Kenya typically earns around 147,000 KES per month. Salaries range from 37,100 KES (lowest average) to 656,000 KES (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.

What causes high cost of living in Kenya?

But high taxes are not solely to blame for the rising cost of living. Kenyans have been hit from all sides by rising inflation, government tariffs, import mismanagement, Middle East conflict and climate change.

How much money do you need to live comfortably in Kenya?

The prices all depend on the quality of life that you demand. 2018 figures from Numbeo show that a four-person family living in Nairobi can expect to spend Ksh193,854.79 a month simply on living costs — this figure doesn’t include rent or mortgage expenses. Kenya’s fast broadband service costs Khs5,507.69 a month.

Is Kenya good place to live?

Making a living – You’ll earn more here than anywhere else in Kenya. Nairobi is not only a beautiful city to live in, but it is a gorgeous metropolis to make a living as well. It is East Africa’s most favourable business hub. … The best part is that the Kenyan economy is very friendly to entrepreneurial endeavours.

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Is 80000 shillings a lot of money in Kenya?

Kshs. 80,000 can be a lot of money yet little money in Nairobi.

How much will it cost to build a 4 bedroom house in Kenya?

Assuming that your house will cost Sh65,000 per square metre, a 4 bedroom maisonette (149 sqm) will cost Sh9. 7 million.

How much will it cost to build a 3 bedroom house in Kenya?

The average cost of building a 3 bedroom house in Kenya is Kenya shillings 2.5 million. The cost varies depending on where you are buying the materials from and location.

How much it cost to build a house in Kenya?

A simple mabati house structure will cost you around Sh350,000 plus the finishing. If you need a 2-bedroom house, then around Sh700, 000 will be enough; Ksh. 1 Million will be enough for a 3-bedroom house.

Can a foreigner buy a house in Kenya?

The simple answer is yes, non-citizens can own property in Kenya and enjoy all legal rights and protections that Kenyan citizens enjoy, however they are subject to restrictions with regard to the kind of tenure they can hold in land and are also prevented from owning or dealing with agricultural land.

Can foreigners buy apartment in Kenya?

The limitations of property ownership in Kenya by foreigners can be found in the Constitution and the Land Control Act (Cap 302). … This means that foreign investors can purchase leasehold properties for more than 99 years.

Do people buy houses in Kenya?

Just like Kenyan citizens, foreigners are permitted to buy commercial and residential properties/land located within a town or municipality without any restrictions whatsoever, provided that they comply with the laid down procedures.

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