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