Browsing: land prices in Nairobi

Land prices 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 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 …