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Rents in satellite towns shoot up as land prices reach historic high

An aerial view of Ruaka estate and town Kiambu County. [Wilberforce Okwiri, Standard]

Apartments' rental prices in all satellite towns increased in the first quarter of 2023 owing to an increased demand for affordable houses and inflationary adjustment to prices.

The HassConsult's Hass Property Index showed that Ongata Rongai (5.9 per cent), Thika (5.7 per cent) and Kiambu (5.3 per cent) led this resurgence as apartment rental prices in suburbs mainly went the other way.

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