Kenyan tenants pay highest rent, report
18 April 2013, 13:10
Nairobi - The Standard reports a new report has shown that tenants in Kenya pay a higher proportion of their income in rent than their counterparts in any other part of the world.
The report further reveals that 80 per cent of Kenyans living in urban areas do not stay in their houses.
Launching the 2013 first quarter Hass Property Index, Sakina Hassanali, head of research and marketing at Hass Consult, said rent prices for town houses and apartments continued to increase, a scenario that strains a majority of Kenyans who are already suffering declining purchasing power.
- For more visit The Standard