The Hass Sale Index

The Hass Sale Index is used to measure the asking price changes of residential housing nationwide throughout Kenya serving as an indicator of trends. It covers over 320 suburbs and towns across Kenya and was launched back in Quarter 3 2010, in its current format, replacing its earlier published indices by virtue of this time going back a full 10 years, from December 2000, to bring it fully in line with international property data standards. Property points now for 18 years covering several property cycles. In this time, indices have seen prices rise, stagnate and even fall. Additionally, introduced as at Quarter 3 2015, The Nairobi-18 Suburbs and Nairobi Satellite-14 Town indices compliment the Hass Sale Index, giving an area specific perspective. It is well received each quarter by the press, developers, governing bodies, financial institutions and importantly house buyers themselves. It is an impartial indicator of the past and current Kenyan real estate sector which Hass is committed to serve.

 

Q3. 2018 Highlights

Westlands properties benefit from spillover of the suburb becoming a MICE Hotspot

  • Property prices posted a 1.1 per cent over the quarter with detached housing leading the segment up 1.3 per cent in the while semi-detached houses posted the strongest total return at 11.8 per cent
  • Westlands suburb showing the strongest performance over the year with prices in the area improving by 7.9 per cent as it undergoes the "rediscovery" phase of the urban regeneration cycle - a result of high income earners moving back to neighborhoods more central to the city
  • Westlands receives the lion's share of major hotel brands that are setting up in Nairobi to tap into the growing Meetings, Incentives, Conferences, and Exhibitions (MICE) niche market.
  • Rents across the market increased by 1.5 per cent over the quarter down from 3.3 per cent in the previous quarter on tightening market liquidity.
The Hass Composite Sale Index
All Properties
1.1 %
8.1 %
2.44 Fold
Segment with Highest Quarterly Increase in Sales Price
Houses in Ngong ( +4.2% over last year)
Segment with Lowest Quarterly Increase in Sales Price
Apartments in Lavington ( -0.7% over last year)
Segment with Highest Annual Increase in Sales Price
Houses in Ngong ( +17.8% over last year)
Segment with Lowest Annual Increase in Sales Price
Apartments in Kilimani ( -5.2% over last year)
Nairobi Suburbs
Property Sale Index
Donholm
0.8%
5.1%
3.30 FOLD
12,600,000
11,000,000
14,000,000
Eastleigh
1.1%
3.4%
3.04 FOLD
13,500,000
12,100,000
15,000,000
Gigiri
1.4%
1.6 %
2.77 FOLD
111,000,000
95,000,000
125,000,000
Karen
1.7%
5.7%
3.32 FOLD
82,700,000
70,000,000
94,000,000
Kileleshwa
2.0%
2.0%
2.76 FOLD
45,800,000
33,000,000
55,000,000
Kilimani
3.0%
-0.5%
2.56 FOLD
34,600,000
25,000,000
42,300,000
Kitisuru
0.5%
1.2%
2.82 FOLD
80,100,000
45,000,000
110,000,000
Langata
1.8%
2.8%
4.41 FOLD
31,400,000
20,000,000
32,000,000
Lavington
1.7%
3.6%
2.80 FOLD
64,400,000
50,000,000
75,000,000
Loresho
0.8%
5.5%
2.38 FOLD
45,300,000
30,000,000
62,000,000
Muthaiga
3.0%
5.9%
2.24 FOLD
73,800,000
35,000,000
88,000,000
Nyari
0.8%
4.4%
2.49 FOLD
92,200,000
85,000,000
101,300,000
Parklands
0.7%
6.4%
3.09 FOLD
23,600,000
18,000,000
28,500,000
Ridgeways
1.9%
1.5%
2.42 FOLD
55,700,000
37,000,000
65,000,000
Runda
2.2%
0.9%
3.10 FOLD
87,800,000
72,000,000
105,000,000
Spring Valley
0.3%
4.0%
2.32 FOLD
61,600,000
53,500,000
70,000,000
Upperhill
0.6%
1.6%
2.93 FOLD
22,700,000
18,000,000
28,000,000
Westlands
2.0%
7.9%
2.96 FOLD
52,000,000
38,000,000
60,000,000
Nairobi Satellite Town
Property Sale Index
Athi River
2.5%
6.0%
3.0 FOLD
13,400,000
11,000,000
14,500,000
Juja
2.5 %
-0.1 %
2.70 FOLD
13,200,000
6,900,000
14,000,000
Kiambu
1.4 %
5.0 %
2.60 FOLD
26,000,000
19,000,000
31,000,000
Kiserian
2.5%
1.7%
2.50 FOLD
8,600,000
5,600,000
9,000,000
Kitengela
2.5%
9.7%
2.80 FOLD
11,400,000
7,400,000
15,000,000
Limuru
1.1%
9.0%
2.80 FOLD
25,100,000
19,000,000
30,000,000
Ngong
4.2%
17.8%
2.90 FOLD
13,200,000
7,500,000
15,500,000
Ongata Rongai
0.6%
0.7%
2.70 FOLD
11,700,000
6,800,000
15,000,000
Ruiru
0.7%
4.7%
3.3 FOLD
14,200,000
9,500,000
17,300,000
Tigoni
3.5%
12.8%
2.4 FOLD
30,900,000
22,000,000
34,100,000
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