Nairobi’s luxury home prices continue falling, oversupply blamed

Spacious great room With two storey windows.

Prime residential prices in Nairobi slid by 6.5 per cent in the 12 months to March 2019. This is according to the Knight Frank Prime Global Cities Index (PGCI) for the first quarter.

This is the most significant reduction in values in a 12-month period that Nairobi has ever recorded since the index commenced recording data.