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According to the Quarter 2 Hass property index the property market (ie. Rental and properties for sale) in Nairobi and Kenya in general is on a marginal rise, below is an excerpt from the report

• House sales prices bounced back in Q2 after the dip of the first quarter of 2015. Asking prices rose 2.2 per cent in all properties in the 2015 second quarter, with marginal rise in detached house segment.
• Analysts caution that the recent decision to increase the Central Bank Rate (CBR), for the first time in almost four years by 3 points, may negatively affect price growth trends in the first half of 2016. Historically high lending rates have led to market stagnation and a rise in demand for rental property
• Rent accelerated by 2.4 per cent in the quarter across all segments. Rents for semi-detached houses rose more sharply, up 7.8 per cent. Apartments and detached houses recorded a 1.1 and 1.2 per cent increase in rents respectively.
• Owners of semi-detached houses continue to earn the highest rental yields, capped at 7.96 per cent by the end of June 2015.

This is true and confirms our own findings and experience this year. The first quarter saw rental houses in Nairobi and its environs move slowly but in the second quarter properties for sale and rent in Nairobi , Thika, Mombasa road and its environs have picked. We foresee a bright end to the year and brighter early 2016 for investors in real estate especially in the semidetached units category.