Rent Prices in Nairobi Take a Dive Due to Covid-19

Rent prices have reportedly dropped by 0.2% as a result of the novel coronavirus pandemic that has affected most parts of the general economy. 47% of tenants surveyed asked their landlords for rent discounts of between 25 and 30% - an indication of the economic devastation caused by the pandemic. In June, Nairobi was ranked the most expensive city to live in in East Africa by Mercer 2020 Cost of Living survey.

InFocus

Pandemic restrictions have emptied Nairobi streets of the usual traffic (file photo).

Follow AllAfrica

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.