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Housing is a basic psychological
need based on Maslow’s hierarchy
of needs.
Maslow’s hierarchy of needs.
Millenial
Nairobi has an estimated housing
supply of 30,000 homes against the
demand of 150,000. Most of these
target high income individuals.
only 15% of Nairobi's 3.2 million
residents own the houses they live
in.
LOCATION LOCATION LOCATION
Nairobi City loses approximately
Ksh 50 million daily in production
time due to traffic
In addition, the main pull centres;
CBD, Westlands, Kilimani Industrial
area etc have the highest property
prices.
Nairobi’s Mortgage affordability index
stands at 66%, with a median monthly
income of
Ksh 200,000 against Ksh 358,070
required for mortgage
Mortgage affordability index (MAI)
Determines ability of residents to own
a house through mortgage:
MAI=
40% 𝑥 𝑚𝑜𝑛𝑡ℎ𝑙𝑦 𝑖𝑛𝑐𝑜𝑚𝑒
𝑚𝑜𝑛𝑡ℎ𝑙𝑦 𝑚𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝑝𝑎𝑦𝑚𝑒𝑛𝑡
The Catch 22
HI: 30-70%
Roselyn (49), Karen (47), Runda
(43), Kitisuru (36)
MI: 100% +
Mountain View (131), Lower
Kabete (115)
MI: 70-100%
Ridgeways (88), Upper Hill (75),
Kilimani (70)
MI: 30-70%
Lavington (67), Loresho (62), Parklands (61),
Kileleshwa (60), Westlands (60), Runda Mumwe
(53), Redhill (48), Riverside (32)
LI: 70-100%
Komarock (90), Dagoretti (85),
Donholm (73)
LI: 30-70%
Imara Daima (63), Langata (45),
Kasarani (44)
NAIROBI
Mortgage Affordability
Index
MAI
66%
44%
66%
71%
MI: 100% +
Mountain View (284), Lower
Kabete (229), Ridgeways (165),
Parklands (121), Loresho (120),
Redhill (120), Westlands (120),
Kilimani (107), Runda Mumwe
(104)
HI: 70-100%
Roselyn (93), Runda (90), Kitisuru
(78)
MI: 70-100%
Kileleshwa (96), Lavington (90)
LI: 100%+
Komarock (233), Donholm (140),
Imara Daima (134), Dagoretti
(130), Kasarani (122), Langata
(117)
NAIROBI
RENT
Affordability Index
MAI
130%
90%
146%
135%
HI: 100% +
Karen (104)
MI: 30-70%
Riverside (68)
The goal
is not to own your home,
Its to own a home
100% +
Athi River (108), Thindigua (101)
70-100%
Kiambu (99), Thika (97), Kitengela
(90), Rongai (82), Ngong (78),
Ruaka (75), Juja (73)
30-70%
Kikuyu (69), Ruiru (66)
NAIROBI SATELLITE
Mortgage Affordability
Index
MAI
85%
105%
68%
84%
100% +
Athi River (197), Kitengela (196),
Ngong (172), Ruaka (166), Rongai
(166), Kiambu (160), Thindigua
(160), Juja (155), Thika (148),
Kikuyu (126), Ruiru (122)
70-100%
None
30-70%
None
NAIROBI SATELLITE
RENT
Affordability Index
RAI
160%
160%
N/a
N/a
Buy option within Nairobi
Sale price Ksh 20,900,000
Monthly Mortgage Ksh 347,000
Monthly rent Ksh 134,000
Rent/ mortgage .39%
Buy Option Nairobi Satellite
Sale price Ksh 6,500,000
Monthly Mortgage Ksh 108,000
Monthly rent Ksh 41,000
No of houses to meet rent 3.2
Total Investment 20,800,000
Monthly mortgage Ksh 345,000

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Real Estate Introduction to Millenials

  • 1.
  • 2.
  • 3. Housing is a basic psychological need based on Maslow’s hierarchy of needs.
  • 4. Maslow’s hierarchy of needs. Millenial
  • 5. Nairobi has an estimated housing supply of 30,000 homes against the demand of 150,000. Most of these target high income individuals.
  • 6. only 15% of Nairobi's 3.2 million residents own the houses they live in.
  • 8. Nairobi City loses approximately Ksh 50 million daily in production time due to traffic
  • 9. In addition, the main pull centres; CBD, Westlands, Kilimani Industrial area etc have the highest property prices.
  • 10. Nairobi’s Mortgage affordability index stands at 66%, with a median monthly income of Ksh 200,000 against Ksh 358,070 required for mortgage
  • 11. Mortgage affordability index (MAI) Determines ability of residents to own a house through mortgage: MAI= 40% 𝑥 𝑚𝑜𝑛𝑡ℎ𝑙𝑦 𝑖𝑛𝑐𝑜𝑚𝑒 𝑚𝑜𝑛𝑡ℎ𝑙𝑦 𝑚𝑜𝑟𝑡𝑔𝑎𝑔𝑒 𝑝𝑎𝑦𝑚𝑒𝑛𝑡
  • 13. HI: 30-70% Roselyn (49), Karen (47), Runda (43), Kitisuru (36) MI: 100% + Mountain View (131), Lower Kabete (115) MI: 70-100% Ridgeways (88), Upper Hill (75), Kilimani (70) MI: 30-70% Lavington (67), Loresho (62), Parklands (61), Kileleshwa (60), Westlands (60), Runda Mumwe (53), Redhill (48), Riverside (32) LI: 70-100% Komarock (90), Dagoretti (85), Donholm (73) LI: 30-70% Imara Daima (63), Langata (45), Kasarani (44) NAIROBI Mortgage Affordability Index MAI 66% 44% 66% 71%
  • 14. MI: 100% + Mountain View (284), Lower Kabete (229), Ridgeways (165), Parklands (121), Loresho (120), Redhill (120), Westlands (120), Kilimani (107), Runda Mumwe (104) HI: 70-100% Roselyn (93), Runda (90), Kitisuru (78) MI: 70-100% Kileleshwa (96), Lavington (90) LI: 100%+ Komarock (233), Donholm (140), Imara Daima (134), Dagoretti (130), Kasarani (122), Langata (117) NAIROBI RENT Affordability Index MAI 130% 90% 146% 135% HI: 100% + Karen (104) MI: 30-70% Riverside (68)
  • 15. The goal is not to own your home, Its to own a home
  • 16. 100% + Athi River (108), Thindigua (101) 70-100% Kiambu (99), Thika (97), Kitengela (90), Rongai (82), Ngong (78), Ruaka (75), Juja (73) 30-70% Kikuyu (69), Ruiru (66) NAIROBI SATELLITE Mortgage Affordability Index MAI 85% 105% 68% 84%
  • 17. 100% + Athi River (197), Kitengela (196), Ngong (172), Ruaka (166), Rongai (166), Kiambu (160), Thindigua (160), Juja (155), Thika (148), Kikuyu (126), Ruiru (122) 70-100% None 30-70% None NAIROBI SATELLITE RENT Affordability Index RAI 160% 160% N/a N/a
  • 18. Buy option within Nairobi Sale price Ksh 20,900,000 Monthly Mortgage Ksh 347,000 Monthly rent Ksh 134,000 Rent/ mortgage .39% Buy Option Nairobi Satellite Sale price Ksh 6,500,000 Monthly Mortgage Ksh 108,000 Monthly rent Ksh 41,000 No of houses to meet rent 3.2 Total Investment 20,800,000 Monthly mortgage Ksh 345,000