KENYA PULLS FURTHER AHEAD OF GLOBAL PROPERTY MARKETS AS HOMES DELIVER WORLD-BEATING RETURNS
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| “HassConsult Co-CEO Sakina Hassanali (left) presents the 2025 Special Report in Nairobi, highlighting Kenya’s world-leading property returns compared to nine global markets.” |
Kenya’s housing market is outpacing international peers by a wide margin, delivering investment returns that remain unmatched globally, according to a new Special Report by HassConsult.
The study, which compared property price growth and rental yields in Kenya, South Africa, the USA, Canada, the UK, France, Switzerland, Singapore and Australia, shows that Kenya’s residential property sector continues to grow at a markedly higher trajectory, driven by strong domestic demand. Since 2000, property prices in Kenya have surged by 425 per cent, far ahead of the 201 per cent growth in the USA, 151 per cent in France, and 122 per cent in Singapore.
In the year to June 2025, Kenya recorded a 7.8 per cent increase in property prices, the highest among all the markets analysed. Australia came in second at 4.74 per cent, followed by the UK at 4.15 per cent, while the USA experienced a 1.25 per cent decline.
“A critical factor in the strength of Kenya’s housing market has been its source of finance,” said HassConsult Co-CEO Sakina Hassanali. “Homes in Kenya are fully paid, which makes the market super-resilient. Owners rarely end up grappling with mortgage repayments they can’t meet, preventing the waves of forced sales suffered in other economies.”
Less than 2 per cent of homes in Kenya are mortgage-financed, compared to up to 90 per cent in some of the world’s most developed property markets. Hassanali added: “Multiple factors are driving down property demand in western and eastern economies, not least of which is declining populations, while the value of property in Kenya’s expanding economy and population only keeps growing.”
Kenya’s rental yields, at 5.5 per cent, also surpass the global average, ensuring investors continue to benefit from strong returns. When combined with capital appreciation, Kenyan property delivered a total return of 13.28 per cent in the year to June 2025.
The report further highlighted that off-plan developments are delivering even greater returns. An analysis of eight prime off-plan projects revealed an average return on investment of 18.06 per cent this year, supported by discounts and flexible payment plans. “With off-plan now the main point of entry for many Kenyans into property, the discounts and instalment payments are creating gains that are, in reality, over twice the norm in other global markets,” said HassConsult Development Sales Advisor Ian Mutinda.
While many advanced economies are struggling with declining populations, high interest rates and shrinking demand, Kenya’s expanding economy and youthful demographics continue to fuel growth. The report concludes that these fundamentals make Kenya one of the most attractive destinations for property investment globally.

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