THE STANDARD
HOME & AWAY
I have been struggling to understand why majority of Nairobians are tenants and not home owners compared with their counterparts in countries like South Africa. It is perplexing that for a leading economy in this part of the continent, majority of residents in the capital city and other urban areas are largely tenants. Is there something we do not know that is not adding up?
Valentia, Nairobi
It is an open secret that majority of Nairobians and residents of major urban areas countrywide are not home owners.
Recent statistics from the Kenya National Bureau of Statistics (KNBS) paint employed Nairobians as ‘career’ tenants with 86.4 percent of households live in rented houses.
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Why majority of Nairobians choose to rent instead of buy dream homes April 7th 2021 at 08:36:27 GMT +0300
It is an open secret that majority of Nairobians and residents of major urban areas countrywide are not home owners. Recent statistics from the Kenya National Bureau of Statistics (KNBS) paint employed Nairobians as ‘career’ tenants with 86.4 per cent of households live in rented houses.
Nairobians can argue that they are not alone as 82.2 per cent of households in Mombasa are tenants. Others are Kajiado (59.5 per cent), Kiambu (51.6 per cent), Nakuru (46.3 per cent), Uasin Gishu (44 per cent) and Kisumu (42.2 per cent).
Nairobians are generally hard workers who take their daily hustles seriously. However, several insurmountable hurdles have ensured home ownership remains a pipe dream to many.