Browsing: Land prices in Kenya

• Land prices in Nairobi’s satellite towns hit all-time highs in the second quarter of 2022 because of continued investor demand for new land for development and investment
• Overall land prices in the satellite towns improved by 4.1 per cent over the quarter, with all 14 suburbs tracked by the index posting positive returns
• Tigoni emerged as the best performing town with prices increasing by 6.65 per cent over the quarter, while Juja recorded a 20.91 per cent annual increase

Land prices in Nairobi’s satellite towns hit all-time highs in the second quarter of 2022, a new report by property experts HassConsult has found.

The company attributed the performance to continuous investor demand for new land for development and investment.

Overall land prices in the satellite towns improved by 4.1 per cent over the quarter, with all 14 suburbs tracked by the index posting positive returns. Limuru and Athi River were …

Land prices in Nairobi and its environs showed mild recovery in the second quarter, at a time when investors who froze investments in land at the peak of the Covid-19 economic crisis are slowly returning to the market on the improved business environment.

This is according to a new report by HassConsult which indicates that land prices in Nairobi improved by 0.3 percent while the satellite towns showed a 1.1 percent increase.

HassConsult Head of Development Consulting and Research Sakina Hassanali said select areas within the suburbs and towns are being favored by proximity, adding that these places are opening up.

Hassanali added that this is in turn attracting developer and speculator interest and thereby improving asking prices.

In the Nairobi suburbs, Nyari was the best performing suburb. According to the report, prices in the suburb improved by 2.25 percent over the quarter, and 6.24 percent annually.

The report has …

Real estate developers, Capstone Projects, have set foot in Kenya seeking to invest in the construction of affordable houses for middle income earners.  

The firm, which also doubles up as a specialist in solar energy, looks to deliver sustainable housing projects in both Kenya and Mauritius.  

According to the Director of Capstone, Mr David Sweed, developers, authorities, financial institutions are all missing an opportunity by focusing residential developments on the property for the well paid or high end. 

In Kenya, according to a recent report by Cytonn notes that with a rapidly growing population and more so, an increasing middle class, the residential sector has recorded the highest demand with the nationwide housing deficit standing at 200,000 units annually and an accumulated deficit of over 2 million units.  

However, the largest demand has been for affordable housing to cater for the 61% of urban dwellers who live in slums and …