Kenya’s First and Most Expansive Price Index

HassConsult is committed to the quarterly publication of The Hass Property Index. This has proven over the last decade to be an important tool providing investors, home owners, the financial industry and consumers with current and historical information about house price inflation- allowing them to make informed decisions in the housing market, in order to enjoy the best possible returns.

We believe the index has also helped us all to understand far better the Kenyan real estate market, the urban residential market - and by extension, some of the dynamics within the Kenyan economy. In our experience, the best decisions are made with the clearest possible information. It is by working to flag within the market what is rising, and what falling, that we can do the most in ensuring funds are directed towards the properties that are currently most needed and most sought, particularly making the case for more affordable housing which is trending and now widely available.

Property Data Points
200,000+
Land Data Points
60,000+
Number of Price Indices Run Every Quarter
166
Client Research Studies
100+
Towns and Suburbs Covered Nationwide
320+

Q4. 2018 Highlights

Land prices on three tracks; corrections in overheated areas, steady rise in well supplied areas, and sharp growth in short-supply, desirable areas

  • The Nairobi land market is maturing into a market with distinct local patterns.
  • A cluster of overheated suburbs and satellite areas that enjoyed ahead-of-market price growth are all now reporting moderate negative corrections.
  • Correcting hotspots within Nairobi are Upper Hill, Kilimani, Nyari, Spring Valley and Donholm.
  • Correcting hotspots around Nairobi are Kiambu, Kiserian, Riuru and Kitengela.
  • Areas with ample land supply are delivering land price growth within Nairobi, notably in Karen, Runda, Lavington and Westlands, but rates are subdued. Desirable areas with short land supply continue to deliver land price growth well ahead of inflation.
  • Current low-supply, high demand areas in Nairobi are Loresho, Ridgeways, Kitisuru, Gigiri and Langata, with prices rising from 4.9 per cent to 9.95 per cent in the last year.
The Hass Composite Land Index, Nairobi Suburbs
Nairobi-18 Index Results
0.5%
1.4%
6.33 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Loresho (+3.7% over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Loresho (+10.0% over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Nyari (-0.8% over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Nyari (-1.9% over last year)
The Hass Composite Land Index, Nairobi Satellite Towns
Nairobi Satellite-14 Index Results
0.2%
1.5%
8.53 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Syokimau (+3.2% over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Mlolongo (+9.7% over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Kiambu (-1.81% over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Kiambu (-4.7% over last year)
Nairobi Suburbs
Land Index
Donholm
0.2%
-1.8%
7.56 FOLD
70,300,000
56,200,000
84,000,000
Eastleigh
0.9%
3.0%
6.21 FOLD
298,900,000
160,000,000
472,000,000
Gigiri
-0.4%
5.2%
7.07 FOLD
248,700,000
118,000,000
358,300,000
Karen
0.8%
3.2%
7.79 FOLD
60,900,000
55,000,000
68,000,000
Kileleshwa
-0.5%
4.0%
7.42 FOLD
305,000,000
259,300,000
340,000,000
Kilimani
1.0%
-1.1%
6.44 FOLD
430,000,000
400,000,000
487,500,000
Kitisuru
2.6%
7.2%
6.29 FOLD
87,600,000
75,000,000
100,000,000
Langata
1.0%
4.9%
5.88 FOLD
63,300,000
50,000,000
70,000,000
Lavington
-0.4%
0.5%
5.74 FOLD
238,100,000
188,900,000
270,000,000
Loresho
3.7%
10.0%
5.66 FOLD
90,000,000
80,000,000
100,000,000
Muthaiga
-0.2%
2.4%
5.59 FOLD
148,200,000
100,000,000
194,000,000
Nyari
-0.8 %
-1.9 %
6.03 FOLD
100,500,000
83,800,000
117,500,000
Parklands
0.7%
0.8 %
5.37 FOLD
418,200,000
380,000,000
460,000,000
Ridgeways
2.2 %
8.6 %
6.63 FOLD
76,800,000
64,000,000
80,000,000
Runda
0.3%
2.2 %
6.29 FOLD
87,000,000
70,000,000
100,000,000
Spring Valley
0.4%
-0.6%
4.26 FOLD
159,700,000
117,100,000
185,700,000
Upperhill
0.2 %
-0.5 %
9.22 FOLD
552,900,000
485,700,000
615,400,000
Westlands
-0.4 %
1.6 %
5.68 FOLD
416,100,000
350,000,000
500,000,000
Nairobi Satellite Town
Land Index
Athi River
1.1 %
6.8 %
10.03 FOLD
12,800,000
4,000,000
17,900,000
Juja
0.6%
8.8%
15.38 FOLD
13,300,000
5,200,000
17,500,000
Kiambu
-0.4 %
-4.7 %
7.22 FOLD
41,500,000
22,700,000
50,000,000
Kiserian
0.2 %
-2.4 %
7.18 FOLD
7,100,000
3,500,000
9,100,000
Kitengela
0.2%
-2.8%
7.23 FOLD
11,100,000
6,000,000
14,300,000
Limuru
-1.3%
1.7 %
11.37 FOLD
21,600,000
11,700,000
32,000,000
Mlolongo
-1.5%
9.7 %
5.40 FOLD
26,000,000
10,900,000
42,100,000
Ngong
0.6 %
8.6 %
6.77 FOLD
20,800,000
9,800,000
29,600,000
Ongata Rongai
2.0%
5.4%
8.96 FOLD
21,100,000
8,000,000
28,000,000
Ruaka
1.4 %
2.8 %
7.87 FOLD
87,600,000
64,000,000
112,000,000
Ruiru
-1.8 %
-2.9 %
10.11 FOLD
23,700,000
11,000,000
31,200,000
Syokimau
3.2%
2.5%
6.95 FOLD
21,200,000
14,300,000
28,000,000
Thika
1.4 %
2.3 %
9.0 FOLD
18,400,000
8,800,000
24,000,000
Tigoni
-1.4%
2.6%
9.15 FOLD
22,800,000
17,000,000
28,000,000