Browsing: cost of land in runda

• A HassConsult report shows that land prices in Nairobi suburbs remained static in the last quarter of 2022
• The perfomance is a result of the spillover effect from the previous quarter, when activity slowed down across the general economy
• Property prices also recorded a 2.2% drop driven by price declines across the board

A new report by HassConsult shows that land prices in Nairobi suburbs remained static in the last quarter of 2022.

The land prices indices show that land in the areas grew by a marginal 0.2% during the period under review.

The performance of land prices in Nairobi over the last three months of 2022 is a result of the spillover effect from the previous quarter, when activity generally slowed down across the general economy.

HassConsult observed that some suburbs are benefiting from the ripple effect of Westlands’ increasing commercialisation.

Loresho was the best-performing suburb over the quarter, …