Find Your Dream Home in Lush Runda for Rent
Renting a home makes a lot of financial sense than buying if a property seeker does not have the amount of money required to purchase a property, or is not in a position to commit to a mortgage or a location. Renting is more flexible, and does not require any form of long term responsibility.
In Nairobi, the trend within the real estate sector is that the demand for rental property is higher than that of properties for sale. One factor driving up this demand is the large expat community. According to a report by Jumia House, Nairobi is Africa’s number one expat preferred location for conducting business and for leisure. Consequently, Kenya has experienced significant developments which have led to it being ranked as one of Africa’s rising middle income economies with a large amount of disposable income.
Runda estate has been one of Nairobi’s upscale neighbourhoods for more than 25 years. The former coffee plantation owes its real estate growth to the establishment of United Nation’s never center at Gigiri in the early 70s. This attracted both local and mostly foreign workers to the area, leading to the development of housing estates like Runda itself, Gigiri, Rosslyn and Westlands.
Life in Runda
The neighbourhood was first set up as a mixed-use development that would accommodate the rising expat population in the area. It has now steadily expanded into one of the largest upscale area’s in Kenya’s real estate sector, with strict zoning regulations and active resident associations. The strict zoning policies that are in place have encouraged infrastructural development from both private and parastatal corporations.
The houses for sale and rent in Runda are popularly characterized by well-maintained lawns, properly labelled passage routes, and sturdy security presence in most cases provided by the resident association upon agreement. The presence of consulates and foreign mission offices like the United States Embassy, has also tightened the security measures within the locality.
For many who are looking to rent a home in a great neighbourhood with superb curb appeal but only for a short term, then Runda estate is best suited for you. A typical 3 to 4 bedroom stand-alone house for rent would be priced at KSh 200,000 to around KSh. 600,000 per monthly. Most rental houses are located near social amenities such as modern malls, health facility, multiple international schools, all local banks, and major retail stores.
Picture by Jumia House & Flickr