Prices of land and houses at new low

Head of Development Consulting and Research at Hass Consult Sakina Hassanali briefs the press during the release of Hass Property Index for the fourth quarter of 2017 in Nairobi. [Wilberforce Okwiri, Standard]

Property owners and developers recorded the lowest returns last year, with some segments registering the worst performance in 17 years.

Data from the Hass Property Index covering the fourth quarter of 2017 shows significant drops in rents and sale returns relative to previous years in most residential property markets.