Hass Property Land Price Index Report

KTN News Jan 24,2019

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Property prices have continued to rise in Nairobi and it's environs with land prices gradually stagnating. According to the latest has property index, overall land price growth slowed across 2018 which saw rises of 1.1 percent for the full year. Prices in satellite areas rose 3.7 percent in 2018, compared with 5.43 percent in 2017. Prices in juja rose 16.5 percent over the year, and in Gigiri by 10.6 percent. Mlolongo took the sharpest take off where prices rose by 4.6 percent in the last twelve weeks of the year. This developments see Nairobi land continue to outperform global assets classes. It has also been noted that areas with proper infrastructure and economic developments leads to increase of land prices and housing.