Abstract:
The objective of this study was to establish the factors that significantly influence executive
apartment prices in Nairobi metropolitan area which includes parts some surrounding counties
like Kiambu, Machakos and Kajiado. The factors studied related to attributes of the executive
apartments including: proximity to shopping malls, proximity to Nairobi’s central business
district, proximity to schools, proximity to slums, presence of swimming pool, presence of balcony,
size of apartment, periodic rental income and land value. Both secondary and primary data
sources were employed in the research and 30 executive apartments were selected as the study
sample. Multiple regression analysis was employed for the secondary data and the findings
indicated that size of the apartment, periodic rental income and land value where the apartment is
located had significant influence on the price of the apartment. Descriptive statistical analysis was
employed for primary data and the findings were consistent with those of secondary data in as far
as the determinants of size of the apartment, periodic rental income and land value are concerned
which were that the 3 attributes had significant influence on the price of the apartment.
Description:
Proceeding of the 1st Annual International Conference held on 17th-19th April 2018, Machakos University, Kenya
