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.

 

Q3. 2018 Highlights

Prices in satellite towns cool as investors await direction on the affordable housing policy

  • Land prices for both Nairobi suburbs and satellite towns register lackluster performance as buyers await direction on the Government's affordable housing policy.
  • Demand from buyers such as developers is waning as they await to see where the massive housing will be put up as this has the potential to tilt market
  • Nairobi records a 0.2 per cent increase in prices over the quarter while satellite towns record a 6.34 per cent over the same time.
  • Ridgeways was the best performer among suburbs with prices increasing by 2.92 per cent while Kitusuru 9.36 per cent while on an annual basis.
  • Upperhill has the most expensive land at Ksh558.3 million per acre while Kiserian the least expensive land at Ksh7.1 million per acre.
The Hass Composite Land Index, Nairobi Suburbs
Nairobi-18 Index Results
0.2%
1.6%
6.28 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Ridgeways ( +2.9% over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Kitisuru ( +9.4% over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Donholm( -0.9% over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Kilimani ( -2.6% over last year)
The Hass Composite Land Index, Nairobi Satellite Towns
Nairobi Satellite-14 Index Results
0.6%
6.3%
8.50 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Mlolongo(+4.0% over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Juja (+19.4% over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Kitengela (-1.7% over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Syokimau (-4.4% over last year)
Nairobi Suburbs
Land Index
Donholm
-0.9%
7.4%
7.53 FOLD
70,000,000
55,000,000
80,000,000
Eastleigh
0.9%
3.3%
6.11 FOLD
293,900,000
157,500,000
445,000,000
Gigiri
1.1%
4.9%
6.86 FOLD
241,300,000
118,000,000
345,800,000
Karen
0.7%
2.3%
7.64 FOLD
59,800,000
53,800,000
65,000,000
Kileleshwa
0.5%
6.5%
7.45 FOLD
306,300,000
260,000,000
342,500,000
Kilimani
-0.5%
-2.6%
6.39 FOLD
426,300,000
392,900,000
493,300,000
Kitisuru
0.4%
9.4%
6.04 FOLD
84,100,000
73,500,000
93,300,000
Langata
0.4%
2.9%
5.68 FOLD
61,200,000
73,500,000
70,000,000
Lavington
-0.1%
1.2%
5.73 FOLD
237,800,000
73,500,000
270,000,000
Loresho
1.8%
6.4%
5.36 FOLD
85,200,000
73,500,000
100,000,000
Muthaiga
1.6%
4.8%
5.51 FOLD
146,000,000
73,500,000
197,800,000
Nyari
-0.4%
-2.1%
6.03 FOLD
100,500,000
73,500,000
110,000,000
Parklands
0.6%
1.7%
5.36 FOLD
417,400,000
73,500,000
460,000,000
Ridgeways
2.9%
9.1%
6.45 FOLD
74,700,000
64,000,000
80,000,000
Runda
0.5%
4.4%
6.27 FOLD
86,600,000
70,000,000
100,000,000
Spring Valley
-0.4%
0.7%
4.25 FOLD
159,400,000
114,300,000
190,000,000
Upperhill
-0.3%
2.7%
9.31 FOLD
558,300,000
465,100,000
650,000,000
Westlands
0.8%
-1.5%
5.62 FOLD
411,300,000
350,000,000
480,000,000
Nairobi Satellite Town
Land Index
Athi River
1.3%
10.9%
9.86 FOLD
12,600,000
4,300,000
17,000,000
Juja
2.8%
19.4%
14.94 FOLD
13,000,000
4,300,000
16,800,000
Kiambu
-1.0%
-0.5%
7.39 FOLD
42,400,000
22,000,000
52,000,000
Kiserian
0.0%
-1.4%
7.18 FOLD
7,100,000
3,500,000
9,600,000
Kitengela
-1.7%
0.1%
7.15 FOLD
10,900,000
6,000,000
14,400,000
Limuru
1.5%
14%
11.69 FOLD
22,200,000
11,700,000
30,900,000
Mlolongo
4.0%
1.1%
5.24 FOLD
25,300,000
13,300,000
35,800,000
Ngong
2.4%
11.6%
6.66 FOLD
20,500,000
12,000,000
25,500,000
Ongata Rongai
-0.3%
14.3%
8.70 FOLD
20,400,000
10,000,000
28,000,000
Ruaka
0.2%
8.5%
7.80 FOLD
86,800,000
66,000,000
108,600,000
Ruiru
2.0%
8.1%
10.33 FOLD
24,300,000
12,000,000
32,000,000
Syokimau
0.3%
-4.4%
6.70 FOLD
20,400,000
14,000,000
26,100,000
Thika
-1.6%
-0.9%
8.84 FOLD
18,100,000
9,600,000
25,000,000
Tigoni
-0.5%
9.4%
9.13 FOLD
22,700,000
16,000,000
30,000,000
Archived Report