Resale vs New Apartments: Which is Gaining More in Nairobi?
Nairobi’s apartment market is evolving quickly, driven by urban migration, improved infrastructure, and shifting buyer preferences. But when it comes to property investment or home ownership, one key question stands out — should you buy a new or resale apartment?
2. Overview of Nairobi’s Apartment Market
- Demand hotspots: Kilimani, Kileleshwa, Lavington, Westlands, and Parklands.
- Increasing supply of modern developments with amenities like gyms, rooftop lounges, and security tech.
- Resale market growing due to mature neighborhoods, better road access, and stabilized pricing.
Advantages of Buying New Apartments
- Modern amenities: Smart security systems, elevators, gyms, and power backups.
- Developer warranties: Reduced maintenance costs in the first few years.
- Flexible payment plans: Off-plan options with instalments.
- Higher rental appeal: Ideal for young professionals seeking convenience.
Example: In Kilimani, new 2-bedroom units average KSh 13–16 million, often commanding rents of KSh 90,000–110,000/month.
Advantages of Buying Resale Apartments
- Prime locations: Often closer to CBD, schools, and transport routes.
- Bigger layouts: Older apartments typically have more spacious rooms and better ventilation.
- Negotiable pricing: Sellers may be flexible, especially in a slow market.
- Immediate occupancy: No waiting for construction completion.
Example: A resale 3-bedroom in Lavington may go for KSh 17–22 million, compared to KSh 25 million+ for a new equivalent.
Market Trends in 2025
- Developers in Westlands and Kileleshwa are leaning towards smaller, high-density units due to land costs.
- Resale apartments in mature estates like South B, Lang’ata, and Parklands are gaining traction as affordable alternatives.
- Investors are increasingly eyeing resale units for Airbnb conversions due to existing infrastructure and lower entry costs.
Investment Perspective
| Factor | New Apartments | Resale Apartments |
|---|---|---|
| Initial Cost | Higher | Lower |
| Maintenance Cost | Low initially | Higher (age-related) |
| Rental Yield (Avg.) | 6–7% | 7–9% |
| Capital Appreciation | Stronger short-term | Stable long-term |
| Liquidity | Moderate | High in mature areas |
Buyer Preferences in Nairobi
Recent data from property agents shows that young professionals and diaspora investors prefer new apartments for ease of management, while families and seasoned investors lean toward resale units for better value and space.
Conclusion
Both new and resale apartments have strong value in Nairobi’s market it ultimately depends on your goal.
- If you want modern amenities and a hands-off investment, go for new developments.
- If you seek space, location, and negotiation room, resale apartments offer better deals.
In 2025, resale units are gaining ground as buyers become more value-conscious — but the sleek, amenity-rich new apartments will continue to dominate high-end demand.