The Hass Land Index

The Hass Land Index is used to measure the asking price changes of development land values in Nairobi and its satellite towns serving as an indicator of trends, shown as average asking price per acre. It covers 32 suburbs and towns and was introduced as at Quarter 4 2014 with data going back from December 2007. Property points now for 10 years focusing on Nairobi and its environs giving an area specific perspective, rather than Nationwide. It is well received each quarter by the press, property developers, governing bodies, financial institutions and importantly Kenyans wishing to build their own homes. It is an impartial indicator of the past and current Kenyan land market which Hass is committed to serve.

 

Q1. 2018 Highlights

Land prices in Satellite towns show renewed up-cycle as Nairobi land stalls

  • Nairobi suburbs register a 0.2 per cent growth over the quarter while satellite suburbs post a 2.4 per cent increase.
  • Satellite towns offer pockets of opportunities for investors as Nairobi’s land market is still to feel the effects of macroeconomic stability.
  • Nairobi County housing scheme to potentially shift apartment pricing.
  • Gigiri is the best performing suburb with asking prices increasing 4.8 per cent over the quarter while Juja is the top performer amongst satellite towns at 7.66 per cent.
  • Donholm was the best performing suburb with land prices increasing by 11.93 per cent over the year while Kitengela was the top performing satellite town with a 13.25 per cent price appreciation
The Hass Composite Land Index, Nairobi Suburbs
Nairobi-18 Index Results
0.25%
2.24%
6.25 Fold
Suburb with Highest Quarterly Increase in Land Price
Gigiri ( +4.8% over last quarter)
Suburb with Highest Annual Increase in Land Price
Donholm ( +11.9% over last year)
Suburb with Lowest Quarterly Increase in Land Price
Kilimani ( -1.9% over last quarter)
Suburb with Lowest Annual Increase in Land Price
Westlands ( -1.2% over last year)
The Hass Composite Land Index, Nairobi Satellite Towns
Nairobi Satellite-14 Index Results
2.38%
4.41%
8.41 Fold
Suburb with Highest Quarterly Increase in Land Price
Juja (+7.7% over last quarter)
Suburb with Highest Annual Increase in Land Price
Kitengela (+13.3% over last year)
Suburb with Lowest Quarterly Increase in Land Price
Mlolongo (-3.4% over last quarter)
Suburb with Lowest Annual Increase in Land Price
Thika (-6.9% over last year)
Nairobi Suburbs
Land Index
Donholm
3.3%
11.9%
7.70 FOLD
71,600,000
55,000,000
84,100,000
Eastleigh
2.7%
11.5%
6.03 FOLD
290,000,000
180,000,000
388,900,000
Gigiri
4.8%
3.2%
6.72 FOLD
236,400,000
119,800,000
311,800,000
Karen
0.7%
3.5%
7.55 FOLD
59,000,000
52,800,000
65,000,000
Kileleshwa
1.6%
-0.1%
7.13 FOLD
293,200,000
250,000,000
320,900,000
Kilimani
-1.9%
1.2%
6.51 FOLD
434,600,000
400,000,000
500,000,000
Kitisuru
2.3%
3.6%
5.87 FOLD
81,800,000
70,000,000
90,000,000
Langata
2.5%
5.3%
5.61 FOLD
60,400,000
45,000,000
70,000,000
Lavington
1.2%
-0.3%
5.71 FOLD
236,900,000
200,000,000
270,000,000
Loresho
-0.1%
1.9%
5.15 FOLD
81,800,000
64,000,000
100,000,000
Muthaiga
-1.4%
3.5%
5.46 FOLD
144,700,000
100,000,000
195,700,000
Nyari
1.2%
1.0%
6.15 FOLD
102,500,000
90,900,000
110,000,000
Parklands
0.2%
0.8%
5.33 FOLD
414,700,000
360,000,000
466,800,000
Ridgeways
2.2%
0.6%
6.11 FOLD
70,800,000
64,000,000
76,000,000
Runda
1.1%
6.4%
6.15 FOLD
85,100,000
70,000,000
100,000,000
Spring Valley
-0.9%
4.1%
4.28 FOLD
160,700,000
124,100,000
200,000,000
Upperhill
0.8%
2.5%
9.26 FOLD
555,600,000
480,000,000
650,000,000
Westlands
-1.3%
-1.2%
5.59 FOLD
409,400,000
350,000,000
500,000,000
Nairobi Satellite Town
Land Index
Athi River
3.0%
6.4%
9.40 FOLD
12,000,000
4,800,000
17,000,000
Juja
7.7%
10.0%
14.13 FOLD
12,300,000
3,900,000
16,700,000
Kiambu
-1.0%
2.9%
7.58 FOLD
43,500,000
22,000,000
56,000,000
Kiserian
0.6%
2.7%
7.36 FOLD
7,300,000
3,500,000
10,000,000
Kitengela
0.4%
13.3%
7.44 FOLD
11,400,000
6,700,000
15,800,000
Limuru
3.5%
-0.4%
11.18 FOLD
21,200,000
10,800,000
30,000,000
Mlolongo
-3.4%
0.8%
4.92 FOLD
23,700,000
12,500,000
35,000,000
Ngong
1.1%
4.0%
6.23 FOLD
19,200,000
12,000,000
24,000,000
Ongata Rongai
5.7%
6.1%
8.50 FOLD
20,000,000
10,400,000
27,800,000
Ruaka
2.5%
5.9%
7.66 FOLD
85,200,000
65,400,000
107,900,000
Ruiru
5.3%
6.5%
10.41 FOLD
24,500,000
13,000,000
34,000,000
Syokimau
-2.0%
4.1%
6.78 FOLD
20,700,000
14,000,000
26,000,000
Thika
0.0%
-6.9%
8.80 FOLD
18,000,000
7,600,000
25,900,000
Tigoni
2.8%
8.1%
8.92 FOLD
22,200,000
17,000,000
30,000,000
Archived Report