Hass in the News

Hardly a day goes by without discussion about property, the real estate sector or a major development getting on to the news agenda in Kenya. This section of the website brings you all the news about HassConsult from media networks worldwide.

 
Q3. 2018 Highlights

24
Jan-19

Q3. 2018 Highlights

Category: Hass in the Press
Property prices posted a 1.1 per cent over the quarter with detached housing leading the segment up 1.3 per cent in the while semi-detached houses posted the strongest total return at 11.8 per cent

Westlands properties benefit from spillover of the suburb becoming a MICE Hotspot

  • Property prices posted a 1.1 per cent over the quarter with detached housing leading the segment up 1.3 per cent in the while semi-detached houses posted the strongest total return at 11.8 per cent
  • Westlands suburb showing the strongest performance over the year with prices in the area improving by 7.9 per cent as it undergoes the "rediscovery" phase of the urban regeneration cycle - a result of high income earners moving back to neighborhoods more central to the city
  • Westlands receives the lion's share of major hotel brands that are setting up in Nairobi to tap into the growing Meetings, Incentives, Conferences, and Exhibitions (MICE) niche market.
  • Rents across the market increased by 1.5 per cent over the quarter down from 3.3 per cent in the previous quarter on tightening market liquidity.
The Hass Composite Sale Index
All Properties
1.1 %
8.1 %
2.44 Fold
Segment with Highest Quarterly Increase in Sales Price
Houses in Ngong ( +4.2% over last year)
Segment with Lowest Quarterly Increase in Sales Price
Apartments in Lavington ( -0.7% over last year)
Segment with Highest Annual Increase in Sales Price
Houses in Ngong ( +17.8% over last year)
Segment with Lowest Annual Increase in Sales Price
Apartments in Kilimani ( -5.2% over last year)
Nairobi Suburbs
Property Sale Index
Donholm
0.8%
5.1%
3.30 FOLD
12,600,000
11,000,000
14,000,000
Eastleigh
1.1%
3.4%
3.04 FOLD
13,500,000
12,100,000
15,000,000
Gigiri
1.4%
1.6 %
2.77 FOLD
111,000,000
95,000,000
125,000,000
Karen
1.7%
5.7%
3.32 FOLD
82,700,000
70,000,000
94,000,000
Kileleshwa
2.0%
2.0%
2.76 FOLD
45,800,000
33,000,000
55,000,000
Kilimani
3.0%
-0.5%
2.56 FOLD
34,600,000
25,000,000
42,300,000
Kitisuru
0.5%
1.2%
2.82 FOLD
80,100,000
45,000,000
110,000,000
Langata
1.8%
2.8%
4.41 FOLD
31,400,000
20,000,000
32,000,000
Lavington
1.7%
3.6%
2.80 FOLD
64,400,000
50,000,000
75,000,000
Loresho
0.8%
5.5%
2.38 FOLD
45,300,000
30,000,000
62,000,000
Muthaiga
3.0%
5.9%
2.24 FOLD
73,800,000
35,000,000
88,000,000
Nyari
0.8%
4.4%
2.49 FOLD
92,200,000
85,000,000
101,300,000
Parklands
0.7%
6.4%
3.09 FOLD
23,600,000
18,000,000
28,500,000
Ridgeways
1.9%
1.5%
2.42 FOLD
55,700,000
37,000,000
65,000,000
Runda
2.2%
0.9%
3.10 FOLD
87,800,000
72,000,000
105,000,000
Spring Valley
0.3%
4.0%
2.32 FOLD
61,600,000
53,500,000
70,000,000
Upperhill
0.6%
1.6%
2.93 FOLD
22,700,000
18,000,000
28,000,000
Westlands
2.0%
7.9%
2.96 FOLD
52,000,000
38,000,000
60,000,000
Nairobi Satellite Town
Property Sale Index
Athi River
2.5%
6.0%
3.0 FOLD
13,400,000
11,000,000
14,500,000
Juja
2.5 %
-0.1 %
2.70 FOLD
13,200,000
6,900,000
14,000,000
Kiambu
1.4 %
5.0 %
2.60 FOLD
26,000,000
19,000,000
31,000,000
Kiserian
2.5%
1.7%
2.50 FOLD
8,600,000
5,600,000
9,000,000
Kitengela
2.5%
9.7%
2.80 FOLD
11,400,000
7,400,000
15,000,000
Limuru
1.1%
9.0%
2.80 FOLD
25,100,000
19,000,000
30,000,000
Ngong
4.2%
17.8%
2.90 FOLD
13,200,000
7,500,000
15,500,000
Ongata Rongai
0.6%
0.7%
2.70 FOLD
11,700,000
6,800,000
15,000,000
Ruiru
0.7%
4.7%
3.3 FOLD
14,200,000
9,500,000
17,300,000
Tigoni
3.5%
12.8%
2.4 FOLD
30,900,000
22,000,000
34,100,000
Last modified on Thursday, 24 January 2019 07:57