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Ati the bubble has burst? Nairobi's top neighbourhoods
Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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http://house.jumia.co.ke...ighborhoods-in-nairobi/
Quote:The winning neighborhoods in Nairobi Real Estate industryNairobi’s Real Estate prices have been on a continual rise of 25 percent since 2011. It has also been voted for as one of the top 10 cities to watch by the global real estate firm, Jones Lang LaSalle, out of 150 cities globally.
According to the Cytonn Real Estate review report, the sector recorded rental yields of 9.6 percent in retail, 9.2 percent in commercial office and 5.2 percent in the residential sector, resulting to an average rental yield for the real estate market of 8.0% compared to 7.8% in 2016. With monthly website visits of approximately 2 Million per month and 200,000 monthly returning visitors on the Jumia House website, our platform has firmly established itself in the Real Estate Industry in Nairobi and Kenya in general. According to the Jumia House analytics, Most of the clients visiting our online platform are looking at the prospects of renting houses rather than buying of homes. This can be as a result of the increase in the population of Nairobi County, which stands at approximately 3.5 million according to the Nairobi City County website. In December alone there was a total of 63.12% searches on the Jumia House platform by individuals seeking to rent apartments as compared to 36.88% of the individuals looking to buy flats. The trend for renting in Nairobi is still at a steady pace as seen by the 62.76% searches for rental properties within the Nairobi region. Our prime residential neighbourhoods according to our data is Kilimani (9.51%), Lavington (9.31%), Karen (8.66%), Westlands (7.70%), Kileleshwa (6.60%), Langata (3.70%), Parklands (3.29%), Syokimau (2.90%)Runda (2.60%) and Ngong Road (2.30%)According to our Key Account Manager, Kilonzo Kivuitu, “These areas are leading because there is good infrastructure-roads, good sewerage systems, and ample security due to the numerous police stations in the area, furthermore, the finishes in the houses in these areas are exquisite.” Other cities according to our analytics which are coming up in terms of demand of housing include; Kajiado, Mombasa, Kilifi, Machakos, and Naivasha just to mention a few. Bassss. Ujumbe ndio huo huo.  
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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MugundaMan wrote:http://house.jumia.co.ke/journal/winning-neighborhoods-in-nairobi/ Quote:The winning neighborhoods in Nairobi Real Estate industryNairobi’s Real Estate prices have been on a continual rise of 25 percent since 2011. It has also been voted for as one of the top 10 cities to watch by the global real estate firm, Jones Lang LaSalle, out of 150 cities globally.
According to the Cytonn Real Estate review report, the sector recorded rental yields of 9.6 percent in retail, 9.2 percent in commercial office and 5.2 percent in the residential sector, resulting to an average rental yield for the real estate market of 8.0% compared to 7.8% in 2016. With monthly website visits of approximately 2 Million per month and 200,000 monthly returning visitors on the Jumia House website, our platform has firmly established itself in the Real Estate Industry in Nairobi and Kenya in general. According to the Jumia House analytics, Most of the clients visiting our online platform are looking at the prospects of renting houses rather than buying of homes. This can be as a result of the increase in the population of Nairobi County, which stands at approximately 3.5 million according to the Nairobi City County website. In December alone there was a total of 63.12% searches on the Jumia House platform by individuals seeking to rent apartments as compared to 36.88% of the individuals looking to buy flats. The trend for renting in Nairobi is still at a steady pace as seen by the 62.76% searches for rental properties within the Nairobi region. Our prime residential neighbourhoods according to our data is Kilimani (9.51%), Lavington (9.31%), Karen (8.66%), Westlands (7.70%), Kileleshwa (6.60%), Langata (3.70%), Parklands (3.29%), Syokimau (2.90%)Runda (2.60%) and Ngong Road (2.30%)According to our Key Account Manager, Kilonzo Kivuitu, “These areas are leading because there is good infrastructure-roads, good sewerage systems, and ample security due to the numerous police stations in the area, furthermore, the finishes in the houses in these areas are exquisite.” Other cities according to our analytics which are coming up in terms of demand of housing include; Kajiado, Mombasa, Kilifi, Machakos, and Naivasha just to mention a few. Bassss. Ujumbe ndio huo huo. When it is convenient you cite Cytonn (if through a 3rd party), while other times you trash them. problem with you is always looking for positive data that pushes your agenda. Isorite tuko hapa pamoja. Juzi i saw you quote a KNBS data of 2009 to push your agenda, 2009  In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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Angelica _ann wrote:When it is convenient you cite Cytonn (if through a 3rd party), while other times you trash them. problem with you is always looking for positive data that pushes your agenda. Isorite tuko hapa pamoja. Juzi i saw you quote a KNBS data of 2009 to push your agenda, 2009 Double-A, If Mugundaman (and his moves, motives etc etc which you seem extremely interested in at all times  ) did not exist, how would you respond to this post. Peni mbili mucene, debates on "dates of articles" and so on simply will not cut it my sista. I told you this plenty of times before. What in the article do you agree or disagree with and why? Please provide facts and/or figures worth a response as you answer this. Asante!
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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MugundaMan wrote:Angelica _ann wrote:When it is convenient you cite Cytonn (if through a 3rd party), while other times you trash them. problem with you is always looking for positive data that pushes your agenda. Isorite tuko hapa pamoja. Juzi i saw you quote a KNBS data of 2009 to push your agenda, 2009 Double-A, If Mugundaman (and his moves, motives etc etc which you seem extremely interested in at all times ) did not exist, how would you respond to this post. Peni mbili mucene, debates on "dates of articles" and so on simply will not cut it my sista. I told you this plenty of times before. What in the article do you agree or disagree with and why? Please provide facts and/or figures worth a response as you answer this. Asante! Search is not equal to popularity. No one searches for Kibera houses on Jumia but go and try and get housing Kibera and you will know what a red hot market looks like! There is no point you have advanced with your stats and I don't think Angelica_ann needs data to make her point. You are too biased and thats how people lose money!
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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tony stark wrote:
Search is not equal to popularity. No one searches for Kibera houses on Jumia but go and try and get housing Kibera and you will know what a red hot market looks like!
There is no point you have advanced with your stats and I don't think Angelica_ann needs data to make her point. You are too biased and thats how people lose money!
Tony_Stark, you just agreed with me on the other thread on the real estate bubble about supply and demand. Surely you can see the logic between searching for something and demand for something. If you are a kiosk owner and 1000 customers a day come searching for Tuzo vs 200 for Fresha, surely even simple logic will lead you to see that demand for one is higher than the other. Jumia are not a peni mbili enterprise, they have their research team that crunches the data and makes it intelligible. If it is too ngumu to decipher for some then surely that is not Jumia or Mugundaman's fault! As for me "being too biased".... . What am I biased about and how did you come to that conclusion?
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Rank: Veteran Joined: 7/8/2008 Posts: 947
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MugundaMan wrote:tony stark wrote:
Search is not equal to popularity. No one searches for Kibera houses on Jumia but go and try and get housing Kibera and you will know what a red hot market looks like!
There is no point you have advanced with your stats and I don't think Angelica_ann needs data to make her point. You are too biased and thats how people lose money!
Tony_Stark, you just agreed with me on the other thread on the real estate bubble about supply and demand. Surely you can see the logic between searching for something and demand for something. If you are a kiosk owner and 1000 customers a day come searching for Tuzo vs 200 for Fresha, surely even simple logic will lead you to see that demand for one is higher than the other. Jumia are not a peni mbili enterprise, they have their research team that crunches the data and makes it intelligible. If it is too ngumu to decipher for some then surely that is not Jumia or Mugundaman's fault! As for me "being too biased".... . What am I biased about and how did you come to that conclusion? So according to you and Jumia, Kibera is not a popular market? Mathare 4A is not a popular market? Dandora is not a popular market? Kariobangi? Oyole? All this are not popular? Boss you must be joking! Returns in all this areas beat returns in your "popular neighbourhood" by a mile. People who are searching for housing online are a very very different breed of people and that's why search and popularity cannot be the same. Mugundaman you love creating fallacious arguments to push your point ahead. Everyone else here is trying to learn and share knowledge and information. What you keep doing is creating strawman arguments by claiming victimization when facts or the counterfactual is presented to you. Anyway for this argument you get -10. Jumia "research" is not reflective of the Nairobi real estate.
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Rank: Elder Joined: 1/8/2018 Posts: 2,212 Location: DC (Dustbowl County)
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tony stark wrote:MugundaMan wrote:tony stark wrote:
Search is not equal to popularity. No one searches for Kibera houses on Jumia but go and try and get housing Kibera and you will know what a red hot market looks like!
There is no point you have advanced with your stats and I don't think Angelica_ann needs data to make her point. You are too biased and thats how people lose money!
Tony_Stark, you just agreed with me on the other thread on the real estate bubble about supply and demand. Surely you can see the logic between searching for something and demand for something. If you are a kiosk owner and 1000 customers a day come searching for Tuzo vs 200 for Fresha, surely even simple logic will lead you to see that demand for one is higher than the other. Jumia are not a peni mbili enterprise, they have their research team that crunches the data and makes it intelligible. If it is too ngumu to decipher for some then surely that is not Jumia or Mugundaman's fault! As for me "being too biased".... . What am I biased about and how did you come to that conclusion? So according to you and Jumia, Kibera is not a popular market? Mathare 4A is not a popular market? Dandora is not a popular market? Kariobangi? Oyole? All this are not popular? Boss you must be joking! Returns in all this areas beat returns in your "popular neighbourhood" by a mile. People who are searching for housing online are a very very different breed of people and that's why search and popularity cannot be the same. Mugundaman you love creating fallacious arguments to push your point ahead. Everyone else here is trying to learn and share knowledge and information. What you keep doing is creating strawman arguments by claiming victimization when facts or the counterfactual is presented to you. Anyway for this argument you get -10. Jumia "research" is not reflective of the Nairobi real estate. Tony, I think you missed the point of the article by a country mile. First of all you have to understand the demographic that jumia appeals to which is the middle to upper classes. While Mathare North or Ofafa may have high rental demand, most of the middle classes with good discretionary income might not be very interested in living there. This middle class to upper class demographic is the one every developer salivates over. Where they go, all the developers and corporates go as well. To rent a house in Jerusalem or Kibra is not a big deal, but the rental amounts might be paltry compared to what renting a 5br all ensuite house in Kitengela with pool to a dual income family that works in corporate Kenya can bring. This is why developers and landlords are more interested in the search preferences in this group more than anything else. This is not to say that the lower income groups do not matter, it is just to say it is prudent business practice to target those with larger disposable income and unfortunately they will not be found in large numbers in the suburbs you mention IMHO.
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Rank: Elder Joined: 7/28/2015 Posts: 9,562 Location: Rodi Kopany, Homa Bay
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MugundaMan wrote:tony stark wrote:MugundaMan wrote:tony stark wrote:
Search is not equal to popularity. No one searches for Kibera houses on Jumia but go and try and get housing Kibera and you will know what a red hot market looks like!
There is no point you have advanced with your stats and I don't think Angelica_ann needs data to make her point. You are too biased and thats how people lose money!
Tony_Stark, you just agreed with me on the other thread on the real estate bubble about supply and demand. Surely you can see the logic between searching for something and demand for something. If you are a kiosk owner and 1000 customers a day come searching for Tuzo vs 200 for Fresha, surely even simple logic will lead you to see that demand for one is higher than the other. Jumia are not a peni mbili enterprise, they have their research team that crunches the data and makes it intelligible. If it is too ngumu to decipher for some then surely that is not Jumia or Mugundaman's fault! As for me "being too biased".... . What am I biased about and how did you come to that conclusion? So according to you and Jumia, Kibera is not a popular market? Mathare 4A is not a popular market? Dandora is not a popular market? Kariobangi? Oyole? All this are not popular? Boss you must be joking! Returns in all this areas beat returns in your "popular neighbourhood" by a mile. People who are searching for housing online are a very very different breed of people and that's why search and popularity cannot be the same. Mugundaman you love creating fallacious arguments to push your point ahead. Everyone else here is trying to learn and share knowledge and information. What you keep doing is creating strawman arguments by claiming victimization when facts or the counterfactual is presented to you. Anyway for this argument you get -10. Jumia "research" is not reflective of the Nairobi real estate. Tony, I think you missed the point of the article by a country mile. First of all you have to understand the demographic that jumia appeals to which is the middle to upper classes. While Mathare North or Ofafa may have high rental demand, most of the middle classes with good discretionary income might not be very interested in living there. This middle class to upper class demographic is the one every developer salivates over. Where they go, all the developers and corporates go as well. To rent a house in Jerusalem or Kibra is not a big deal, but the rental amounts might be paltry compared to what renting a 5br all ensuite house in Kitengela with pool to a dual income family that works in corporate Kenya can bring. This is why developers and landlords are more interested in the search preferences in this group more than anything else. This is not to say that the lower income groups do not matter, it is just to say it is prudent business practice to target those with larger disposable income and unfortunately they will not be found in large numbers in the suburbs you mention IMHO. Sad situation we have in kenya since the data says majority of searches were for apartments to rent. The middle and upper classes should be searching for stand alone houses to buy and not apartments to rent.
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Rank: Elder Joined: 9/19/2015 Posts: 2,871 Location: hapo
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Search, percentages and real data. They can be different. Especially when the source of said data are Jumia, Cyntonn and Hass Consult. They sell an agenda. Just like Mugundaman. An increase from 100 searches to 163 looks very good in percentage terms. What's the real data? How many actually BUY? I'll be willing to explain the difference between traffic and conversions in internet terms to Mugundaman. If he's willing to explain to me why it's soooooo hot in the dustbowl. Mugundaman, find out why real estate agents prefer other platforms other than Jumia to SELLLlll their properties. Thieves are not good people. Tumeelewana?
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Rank: Elder Joined: 12/7/2012 Posts: 11,937
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Search vs actualization is no brainier, no need to indulge on that any further. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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