During this period, many of his friends have moved houses several times mainly because of rent increments. Cytonns market outlook report pointed out that rental yields now range from five per cent to eight per cent. She said rents are stagnating both in Nairobi and its suburbs, as well as in satellite towns: “Satellite towns experience regular traffic jams. “Rent for residential properties should not be increased beyond five per cent whereas commercial properties rent should not be raised by more than seven per cent,” said Wachiuri. He said the steady rent increase witnessed over the years has contributed to the high cost of living.

Source: Standard Digital October 28, 2016 07:41 UTC