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.

 

Q1. 2018 Highlights

Renewed hope as property market begins recovery with the rental apartment market revealing its sensitivity to macroeconomic movements

  • Sales and rents improve over the quarter as the economy begins to show signs of recovery.
  • Asking properties increase by 2.4 per cent and rents marginally increase by 1 per cent reversing negative annual trends.
  • Semi-detached houses see the highest quarterly increase with asking prices and rents moving 2.8 per cent and 3 per cent respectively.
  • The apartment rental market posts the weakest annual return at negative 7.5 per cent.
The Hass Composite Sale Index
All Properties
2.4 %
-1.7 %
2.3 Fold
Segment with Highest Quarterly Increase in Sales Price
Houses in Ngong ( +3.7% over last quarter)
Segment with Lowest Quarterly Increase in Sales Price
Houses in Lavington ( -1.5% over last year)
Segment with Highest Annual Increase in Sales Price
Houses in Limuru ( +14.7% over last year)
Segment with Lowest Annual Increase in Sales Price
Apartments in Kilimani ( -6.0% over last year)
Nairobi Suburbs
Property Sale Index
Donholm
0.4 %
3.9 %
3.20 FOLD
12,286,457
11,000,000
15,000,000
Eastleigh
2.1%
6.5%
3.0 FOLD
13,450,000
12,800,000
14,100,000
Gigiri
-1.1%
0.0 %
2.70 FOLD
106,561,538
97,500,000
140,000,000
Karen
0.3%
3.0%
3.20 FOLD
79,956,503
65,000,000
90,000,000
Kileleshwa
-0.3%
-11.7%
2.2 FOLD
24,136,126
14,750,000
28,000,000
Kilimani
-1.6%
-10.4%
2.10 FOLD
19,910,020
13,000,000
24,000,000
Kitisuru
-0.6%
1.3%
2.80 FOLD
79,053,320
52,500,000
100,000,000
Langata
2.6%
9.0%
3.80 FOLD
23,252,413
14,565,000
31,000,000
Lavington
-2.3%
-5.9%
2.30 FOLD
36,252,276
16,500,000
48,625,000
Loresho
1.2%
6.8%
2.3 FOLD
44,173,214
31,750,000
57,000,000
Muthaiga
0.2%
5.1%
2.20 FOLD
72,038,889
33,000,000
80,500,000
Nyari
0.6%
-0.1%
2.4 FOLD
88,235,294
85,000,000
125,000,000
Parklands
0.7%
4.5%
3.00 FOLD
23,098,649
18,500,000
30,000,000
Ridgeways
-0.4%
-1.3%
2.4 FOLD
54,308,642
37,000,000
75,000,000
Runda
-1.3%
-2.6%
3.00 FOLD
84,818,252
60,500,000
100,000,000
Spring Valley
-0.7%
3.2%
2.30 FOLD
60,622,222
50,000,000
75,000,000
Upperhill
-0.2%
-3.4%
2.90 FOLD
22,581,552
15,500,000
24,000,000
Westlands
0.5%
-1.1%
2.50 FOLD
31,746,714
20,000,000
35,000,000
Nairobi Satellite Town
Property Sale Index
Athi River
3.4%
4.3%
2.47 FOLD
9,348,853
4,950,000
13,000,000
Juja
-0.6 %
-4.8 %
2.66 FOLD
13,090,879
3,650,000
18,000,000
Kiambu
-0.9 %
2.4 %
2.69 FOLD
19,856,511
9,750,000
29,000,000
Kiserian
-0.8%
-0.1%
2.67 FOLD
8,400,000
5,500,000
9,100,000
Kitengela
1.7%
9.0%
2.65 FOLD
10,318,982
6,900,000
15,000,000
Limuru
2.1%
14.7%
2.76 FOLD
24,695,833
21,375,000
30,500,000
Mlolongo
1.5%
2.7%
1.65 FOLD
5,962,137
4,500,000
6,800,000
Ngong
4.2%
10.7%
2.73 FOLD
11,299,884
7,500,000
15,700,000
Ongata Rongai
1.1%
5.7%
2.67 FOLD
10,915,023
6,500,000
14,750,000
Ruaka
0.1%
-2.9%
1.89 FOLD
8,724,198
7,000,000
10,500,000
Ruiru
1.2%
5.2%
3.21 FOLD
13,908,497
10,000,000
17,300,000
Syokimau
-0.4%
-4.1%
1.85 FOLD
6,729,974
5,250,000
7,500,000
Thika
-0.3%
-5.9%
1.72 FOLD
6,441,733
3,310,000
8,250,000
Tigoni
1.0%
6.4%
2.20 FOLD
28,843,548
23,615,000
45,000,000
Archived Reports