Nairobi apartment rents fall 3.3pc on high supply

Residential apartments in Upper Hill, Nairobi, on January 26, 2017. PHOTO | MARTIN MUKANGU

Asking rents for apartments in Nairobi and its environs reduced by 3.3 per cent in the first quarter of this year, pulling the overall rental market down 0.5 per cent.

This is a result of the rising apartments stock witnessed in 2016, according to the Hass Property Index for the first quarter of 2017.

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Note: The results are not exact but very close to the actual.