Browsing: HassConsult

• 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, …

• Land prices in Nairobi’s suburbs and towns maintained a mild upward growth in the fourth quarter of 2021
• Prices in the suburbs increased by 0.34 per cent over the quarter, while in the satellite towns, growth stood at 1.4 per cent
• The appreciation was on the back of several factors including the implementation and conclusion of vast infrastructure projects promoting accessibility and opening up areas for Real Estate investments
• Gross loans advanced to the Real Estate sector increased by 3.2 per cent to KSh 463.0 billion in the third quarter of 2021, from KSh 448.0 billion in the first half of 2021

Land prices in Nairobi’s suburbs and towns maintained a mild upward growth in the fourth quarter of 2021.

Data collected by property experts HassConsult indicated that prices in the suburbs increased by 0.34 per cent over the quarter, while in the satellite towns, growth stood at 1.4 per …