Multinationals drive uptake of serviced apartments

Vaal Real Estate sales manager Prit Shah (left) at Villa Rosa Kempinski during release of the report February 12, 2019. PHOTO | DIANA NGILA

International companies operating in Kenya are driving up increased demand for serviced apartments as they seek to host their staff in upmarket parts of the capital over the period of their work.

According to a report by realtor Vaal Real Estate, serviced apartments in Nairobi registered a three-year average occupancy of 72 percent compared to a 52 percent average for the traditional short- stay hotels.

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