Fresh data has revealed that Kenya’s wealthiest are increasingly holding onto multiple residential properties but are largely choosing not to rent them out.

🇰🇪 Breaking It Down

According to Knight Frank’s 2026 Wealth & Investment Trends Report , most high-net-worth individuals (HNWIs) in Kenya typically own three homes, with 44 per cent of wealth managers surveyed reporting this pattern among their clients.

However, despite maintaining sizeable property portfolios, many wealthy Kenyans are keeping the additional homes for private use rather than generating income in the rental market.

“These findings point to a strong inclination towards exclusivity in residential property ownership among Kenya’s wealthy cohort,” the report stated.

📌 What You Need to Know

Ownership of three homes among Kenya’s wealthy households has increased since 2025, when 39 per cent of respondents reported that their clients held this number of residential properties.

In the 2026 report, a further 30 per cent of wealth managers said their clients typically own two homes, while 4 per cent indicated that their clients hold four homes.

Meanwhile, 17 per cent reported that their clients typically own a single residential property.

Conversely, the largest proportion of respondents said less than 10 per cent of their clients rent out their homes for secondary income.

Another 21 per cent reported that between 30 and 40 per cent of their clients rent out second homes, while none of the respondents indicated that more than 70 per cent of clients generate rental income from their residential properties.

The report noted that multiple home ownership among affluent Kenyans is largely driven by lifestyle choices , family considerations and long-term wealth preservation.

📰 Source: Kenyans.co.ke