The Hass Sale Index

The Hass Sale Index is used to measure the asking price changes of residential housing nationwide throughout Kenya serving as an indicator of trends. It covers over 320 suburbs and towns across Kenya and was launched back in Quarter 3 2010, in its current format, replacing its earlier published indices by virtue of this time going back a full 10 years, from December 2000, to bring it fully in line with international property data standards. Property points now for 18 years covering several property cycles. In this time, indices have seen prices rise, stagnate and even fall. Additionally, introduced as at Quarter 3 2015, The Nairobi-18 Suburbs and Nairobi Satellite-14 Town indices compliment the Hass Sale Index, giving an area specific perspective. It is well received each quarter by the press, developers, governing bodies, financial institutions and importantly house buyers themselves. It is an impartial indicator of the past and current Kenyan real estate sector which Hass is committed to serve.

 

Q3. 2017 Highlights

Political uncertainty stalls property market

  • Overall property prices drop by 1.8 per cent while asking rents drop by 0.3 per cent with apartments accounting for the biggest drop for both asking property prices and rents.
  • Property prices fall as uncertainty following the Supreme Court ruling subdues buying activity.
  • The lack of clarity on the electoral process freezes activity across all property segments as investors put on hold decisions pending conclusion of the process.
  • The property market showed a pickup in activity following the announcement of the winner in mid-August but the decision for a repeat of the Presidential election reverses the earlier trend.
  • Suburbs along the diplomatic zone buck the trend recording increases over the quarter.
  • Gigiri was best performing suburb over the quarter with property prices increasing by 4.8 while Muthaiga was the top performer on an annual basis with prices increasing by 12.5 per cent.
  • Property prices in satellite towns increase marginally by 0.1 per cent over the quarter.
The Hass Composite Sale Index
All Properties
-1.8 %
-5.1 %
2.3 Fold
Suburb with Highest Quarterly Increase in Sales Price
Gigiri ( +4.8% over last quarter)
Suburb with Highest Annual Increase in Sales Price
Muthaiga ( +12.5% over last year)
Suburb with Lowest Quarterly Increase in Sales Price
Kileleshwa ( -4.7% over last quarter)
Suburb with Lowest Annual Increase in Sales Price
Kilimani (-9.2% over last year)
Nairobi Suburbs
Property Sale Index
Donholm
1.4 %
-1.2 %
3.14 FOLD
120,000,000
10,500,000
13,600,000
Eastleigh
1.0 %
1.5 %
2.94 FOLD
13,000,000
12,900,000
13,400,000
Gigiri
4.8 %
4.6 %
2.72 FOLD
109,300,000
95,000,000
123,800,000
Karen
1.1 %
2.1 %
3.14 FOLD
78,300,000
65,000,000
92,800,000
Kileleshwa
-4.7 %
-8.3 %
2.34 FOLD
25,400,000
15,000,000
29,000,000
Kilimani
-3.7 %
-9.2 %
2.20 FOLD
21,000,000
13,500,000
24,500,000
Kitisuru
0.4 %
4.6 %
2.78 FOLD
79,200,000
58,500,000
100,000,000
Langata
4.2 %
7.6 %
3.71 FOLD
22,500,000
14,000,000
30,000,000
Lavington
-1.8 %
-1.9 %
2.39 FOLD
37,200,000
17,000,000
52,000,000
Loresho
3.2 %
8.9 %
2.26 FOLD
43,000,000
33,000,000
46,300,000
Muthaiga
0.1 %
-12.5 %
2.12 FOLD
67,700,000
34,000,000
110,000,000
Nyari
-0.1 %
6.5 %
2.38 FOLD
88,300,000
85,000,000
100,000,000
Parklands
0.8 %
-1.6 %
2.90 FOLD
22,200,000
17,000,000
27,000,000
Ridgeways
-1.7 %
1.4 %
2.39 FOLD
54,900,000
47,000,000
62,800,000
Runda
0.4 %
1.0 %
3.08 FOLD
87,100,000
70,000,000
110,000,000
Spring Valley
0.5 %
2.6 %
2.23 FOLD
59,200,000
47,800,000
65,000,000
Upperhill
-1.6 %
-9.0 %
2.88 FOLD
22,400,000
18,000,000
25,300,000
Westlands
-0.2 %
-1.1 %
2.48 FOLD
31,400,000
25,000,000
35,000,000
Nairobi Satellite Town
Property Sale Index
Athi River
-0.7 %
-1.3 %
2.39 FOLD
9,000,000
4,500,000
11,700,000
Juja
-0.4 %
-5.7 %
2.67 FOLD
13,200,000
5,500,000
18,000,000
Kiambu
-0.9 %
7.4 %
2.71 FOLD
20,200,000
9,000,000
26,000,000
Kiserian
-0.5 %
2.9 %
2.50 FOLD
8,400,000
5,500,000
9,500,000
Kitengela
1.6 %
8.1 %
2.51 FOLD
9,900,000
6,500,000
12,800,000
Limuru
3.6 %
9.8 %
2.57 FOLD
23,000,000
19,500,000
27,300,000
Mlolongo
-0.7 %
-3.3 %
1.59 FOLD
5,800,000
4,600,000
6,500,000
Ngong
2.4 %
7.9 %
2.31 FOLD
10,600,000
6,400,000
12,700,000
Ongata Rongai
1.8 %
5.9 %
2.61 FOLD
10,700,000
6,500,000
14,000,000
Ruaka
0.4 %
-2.0 %
1.89 FOLD
8,700,000
7,500,000
10,000,000
Ruiru
1.7 %
4.5 %
3.13 FOLD
13,500,000
9,800,000
16,800,000
Syokimau
-3.3 %
-4.7 %
1.85 FOLD
6,700,000
5,100,000
7,500,000
Thika
-1.5 %
-2.4 %
1.85 FOLD
6,800,000
4,500,000
8,700,000
Tigoni
2.4 %
6.7 %
2.09 FOLD
27,400,000
19,000,000
30,000,000
Archived Reports