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Browsing: land in Nairobi
- 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 Investment in the Nairobi Metropolitan Area is the only sector projected for growth in 2023 according to the latest data from Cytonn Investments.
- Land has continued to establish itself as a reliable investment opportunity, displaying great resilience even during times of economic hardship in the COVID-19 period, and a depreciating Kenyan currency.
- The investment opportunity lies in satellite towns; Juja, Utawala and Limuru for unserviced land, for serviced land, investment opportunity lies in Syokimau and Ruiru-Juja which recorded the highest annualized capital appreciations
Land Investment in the Nairobi Metropolitan Area is the only sector projected for growth in 2023 according to the latest data from Cytonn Investments.
The report states that land has continued to establish itself as a reliable investment opportunity, displaying great resilience even during times of economic hardship in the COVID-19 period, and a depreciating Kenyan currency.
Some of the factors that will contribute to the …