Investors seeking to buy property, especially three-bedroom apartments are advised to first consider checking out Lavington, where effective demand for sale is increasing as compared to neighbouring locale, Kilimani, whose demand for sale is decreasing. A study by Data Fintech (DF) shows that between first quarter of 2016 and first quarter of 2017, the median price for buying a three-bedroom apartment increased in Lavington by 9.1% and 5.8% in Kilimani. The estimated price for the three-bedroom unit is Ksh21 million. The gross return on investment (ROI), which is the accumulation of the rent yield and the property price appreciation, is 11.9% in Lavington and 11% in Kilimani. Mr Justus Thuo, a real estate market analyst Data Fintech, points out the difference in rent per month for a three-bedroom apartment in both estates – Ksh100,000 in Lavington and Ksh120,000 in Kilimani – as the major driving force. “The median rent in Lavington is lower than the median rent in Kilimani yet the quality of the properties is the same so there is a price gap, which is drawing the increasing effective demand in Lavington and a slowdown in Kilimani,” he says. The same has been seen in the pricing for the units where the…