Apartments best bet as rental returns on the upApartments recorded the highest rental yields at 5.8 per cent in the first quarter of this year, a new industry report shows.According to the Markets Review Report by Cytonn Real Estate, the development affiliate of Cytonn Investments, this was 0.6 per cent points higher than the overall residential market. The report, released on Tuesday, highlights the current state of the real estate sector in terms of uptake, rental yields, capital appreciation and total investor returns. The retail sector registered a marginal drop in rental yields to 7.7 per cent in quarter one of this year from 7.8 per cent in the fourth quarter of last year. Read Now »Capital appreciation for land in the Nairobi metropolitan area, the report said, came in at 0.2 per cent. In terms of annual uptake, detached units stood at 18.7 per cent compared to apartments at 19.4 per cent.

Source: Standard Digital April 09, 2020 12:00 UTC