Nairobi ranked 97 in the cost of home rental



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According to ANNIE NJANJA
According to author

Nairobi is the 97th most expensive city renting houses in the world after renowned destinations like Bangkok and Cairo , according to the Bloomberg World Airbnb cost index. The ranking of the Bloomberg home rental website indicates that the average cost of a home that can accommodate two adults is 53 dollars (5,300 shillings) in the capital of Kenya. The index however indicates that the current cost represents a three percent drop from the 2017 ranking.

The index ranks more than 100 global cities based on the average daily cost of the index. accommodation in private homes. Miami was ranked the most expensive at $ 205 (20,500 shillings), an increase of 7.9%.

The index ranked Cape Town as the most expensive city on the continent and the 27th most expensive metropolis in the world. is $ 127 (Sh12,700).

Lagos was the second most expensive on the continent at $ 103 (10,300 shillings) cost per night and 43rd worldwide. Abuja $ 91 (9,100 shillings), Harare $ 65 (6500 shillings) and Johannesburg $ 58 (5,800 shillings) also outpaced Nairobi at positions 54, 85 and 92 respectively.

Airbnb, which entered Kenya in 2012, disrupted the global travel market by allowing users to rent entire houses or rooms in their homes to tourists.

US firm data show that there were 39,500 guests in Kenyan properties between September and September, a leap from 143 a similar period last year. The data reveal that a typical Kenyan host earned 97,000 shillings ($ 970) a year by renting his house,

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