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.

 

Q2. 2018 Highlights

Land market remains depressed even as market confidence returns

  • Nairobi land prices rises marginally at 0.23 per cent in the second quarter of the year compared to an increase of 2.5 per cent in a similar quarter of 2016.
  • Land in satellite towns prices increase by 0.5 per cent compared to an 8.1 per cent increase in Q2 2016 just before the introduction of the interest rate cap
  • Kileleshwa witnessed price corrections with prices increasing by 3.96 per cent over the last quarter after sustained price falls over 2017
  • Ngong Town was the best performing satellite town recording a 4.25 per cent increase over the last quarter
  • Ksh. 1 million invested at the end of 2007 would have been worth KSh. 6.26m if invested in land in Nairobi's suburbs, Ksh. 2.45m if invested in bonds and only Ksh. 0.60m if invested in equities
The Hass Composite Land Index, Nairobi Suburbs
Nairobi-18 Index Results
0.2%
1.8%
6.26 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Kileleshwa ( +4.0% over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Donholm ( +9.1% over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Nyari ( -1.5% over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Westlands ( -2.1% over last year)
The Hass Composite Land Index, Nairobi Satellite Towns
Nairobi Satellite-14 Index Results
0.5%
3.9%
8.45 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Ngong (+4.2% over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Ngong (+13.0% over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Ruiru (-2.7% over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Kiserian (-4.4% over last year)
Nairobi Suburbs
Land Index
Donholm
-1.3%
9.1%
7.6 FOLD
70,600,000
55,000,000
84,100,000
Eastleigh
0.4%
4.5%
6.06 FOLD
291,200,000
157,500,000
409,000,000
Gigiri
1.0%
2.4%
6.79 FOLD
238,700,000
118,400,000
330,900,000
Karen
0.6%
1.9%
7.59 FOLD
59,400,000
52,000,000
65,000,000
Kileleshwa
4.0%
5.2%
7.41 FOLD
304,900,000
260,000,000
340,000,000
Kilimani
-1.4%
0.3%
6.42 FOLD
428,400,000
400,000,000
495,000,000
Kitisuru
2.4%
6.9%
6.01 FOLD
83,700,000
70,000,000
95,000,000
Langata
1.0%
3.5%
5.66 FOLD
60,900,000
48,500,000
70,000,000
Lavington
0.4%
-1.4%
5.74 FOLD
238,000,000
200,000,000
270,000,000
Loresho
2.3%
6.4%
5.27 FOLD
83,700,000
70,000,000
100,000,000
Muthaiga
-0.7%
3.9%
5.42 FOLD
143,700,000
98,800,000
197,800,000
Nyari
-1.5%
-0.9%
6.06 FOLD
100,900,000
90,000,000
110,000,000
Parklands
-0.1%
0.9%
5.32 FOLD
414,400,000
360,000,000
460,000,000
Ridgeways
2.6%
3.6%
6.27 FOLD
72,600,000
64,000,000
80,000,000
Runda
1.3%
5.3%
6.24 FOLD
86,200,000
70,000,000
100,000,000
Spring Valley
-0.4%
1.8%
4.27 FOLD
160,100,000
116,100,000
190,000,000
Upperhill
0.7%
1.6%
9.33 FOLD
559,700,000
485,700,000
650,000,000
Westlands
-0.3%
-2.1%
5.57 FOLD
408,000,000
350,000,000
480,000,000
Nairobi Satellite Town
Land Index
Athi River
3.6%
7.4%
9.73 FOLD
12,500,000
4,800,000
17,000,000
Juja
2.9%
10.4%
14.54 FOLD
12,600,000
4,000,000
17,000,000
Kiambu
-1.5%
-1.3%
7.47 FOLD
42,900,000
22,000,000
54,000,000
Kiserian
-2.4%
-4.4%
7.18 FOLD
7,100,000
3,600,000
9,600,000
Kitengela
-2.2%
5.2%
7.27 FOLD
11,100,000
6,000,000
14,800,000
Limuru
3.0%
5.9%
11.52 FOLD
21,900,000
11,300,000
30,000,000
Mlolongo
2.4%
-2.1%
5.04 FOLD
24,300,000
13,500,000
35,000,000
Ngong
4.2%
13.0%
6.50 FOLD
20,000,000
12,000,000
24,100,000
Ongata Rongai
2.6%
7.9%
8.72 FOLD
20,500,000
10,000,000
28,000,000
Ruaka
1.7%
7.0%
7.79 FOLD
86,700,000
68,000,000
108,000,000
Ruiru
-2.7%
2.2%
10.12 FOLD
23,800,000
12,400,000
32,000,000
Syokimau
-1.5%
-2.9%
6.68 FOLD
20,400,000
14,000,000
26,000,000
Thika
2.2%
0.2%
8.99 FOLD
18,400,000
8,900,000
26,000,000
Tigoni
2.9%
8.0%
9.17 FOLD
22,800,000
17,200,000
30,000,000
Archived Report