A townhouse is a single-family house of two or sometimes three stories that is usually connected to a similar house by a common sidewall.
22% of all residential properties in Nairobi are townhouses.
50% + of all townhouses in Nairobi are located in mid-high end suburbs.
Demand for sales townhouses has reduced by – 6% over the past 6 months.
Most town houses in Nairobi are spacious enough to accommodate medium to large families of 4 and above. Majority of townhouses situated within high end suburbs have 4+ bedrooms.
HOW POPULAR ARE TOWNHOUSES IN NAIROBI?
22% of all residential properties in Nairobi are townhouses. Their popularity in the recent days can be attributed to the number of features each unit has. They attract large families as well as investors.
TOP 3 AREAS – HIGH SUPPLY OF TOWNHOUSES
50%+ of all townhouses in Nairobi are located in mid-high end suburbs. Lavington, in particular, has seen a lot of developments in townhouses in the recent past.
Demand for rentals in Kenya has always stood at 70:30. Contrary to that, there is an equal demand for townhouses offered both for sale and to let.
DEMAND FOR TOWNHOUSES
There has been a tough rivalry between property seekers willing to buy vs to let. A 4 months moving average shows noticeable growth in demand for rental townhouses. On the other hand, a 4 month moving average hows a noticeable decline in demand for townhouses for sale as illustrated.
There has been a slow consistent increase in the price of townhouses quarter on quarter since Q2 2012. Noticeable Changes:-
- Season : Q4 2015 & Q1 2016
- House type: 3 bedroom townhouses
- Event: Increase in prices from 4% to 8% per quarter.