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.

 

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
Archived Report