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.

 

Q4. 2018 Highlights

Grass roots economic growth drives mid-market properties, as top end falls on international retrenchment

  • Property sales and rental markets evolve in line with changing economic trends.
  • Top-end detached houses, driven by international organisations and super-wealthy, record falling rents and sales prices.
  • Subdued growth continues in buying and renting of town houses, driven by Kenyan middle classes.
  • Accelerating growth in apartment rental prices, as working classes balloon.
  • But apartment buying slows, as landlords pull back.
  • Overall, a correcting market, taking up spare rental apartments, maintaining town house growth, and reporting price corrections on a now excessive stock of top-end detached houses.
  • Price trends support the case that industry potential now lies firmly in middle and lower-end market properties.
The Hass Composite Sale Index
All Properties
-2.6 %
3.3 %
2.41 Fold
Segment with Highest Quarterly Increase in Sales Price
Apartments in Ongata Rongai ( +5.3% over last quarter)
Segment with Lowest Quarterly Increase in Sales Price
Houses in Ongata Rongai ( -2.0% over last quarter)
Segment with Highest Annual Increase in Sales Price
Houses in Ngong ( +13.7% over last year)
Segment with Lowest Annual Increase in Sales Price
Apartments in Kilimani ( -4.0% over last year)
Nairobi Suburbs
Property Sale Index
Donholm
1.0 %
5.0 %
3.38 FOLD
12,900,000
11,000,000
15,000,000
Eastleigh
0.2 %
-0.1 %
3.04 FOLD
13,400,000
12,100,000
15,000,000
Gigiri
1.4 %
7.9 %
2.86 FOLD
114,900,000
85,000,000
140,000,000
Karen
1.6 %
8.3 %
3.47 FOLD
86,600,000
70,000,000
100,000,000
Kileleshwa
0.9 %
6.8%
2.89 FOLD
47,800,000
35,000,000
60,000,000
Kilimani
-1.0 %
3.1 %
2.55 FOLD
34,500,000
25,000,000
40,000,000
Kitisuru
1.3 %
5.2 %
2.92 FOLD
83,100,000
50,000,000
120,000,000
Langata
-0.7 %
2.0 %
4.44 FOLD
31,600,000
18,800,000
35,000,000
Lavington
2.3 %
7.8 %
2.89 FOLD
66,500,000
55,000,000
75,000,000
Loresho
3.4 %
9.9 %
2.55 FOLD
48,500,000
30,000,000
67,500,000
Muthaiga
4.4 %
7.6 %
2.36 FOLD
77,500,000
41,500,000
95,000,000
Nyari
1.8 %
12.5%
2.68 FOLD
99,300,000
85,000,000
120,000,000
Ridgeways
1.3%
8.3%
3.25 FOLD
57,800,000
47,000,000
72,500,000
Runda
2.0 %
4.2 %
2.38 FOLD
91,900,000
75,000,000
110,000,000
Spring Valley
1.5 %
7.2 %
3.07 FOLD
63,200,000
55,000,000
75,000,000
Westlands
2.1%
7.8%
3.03 FOLD
53,800,000
40,000,000
60,000,000
Nairobi Satellite Town
Property Sale Index
Athi River
3.1 %
9.3 %
3.16 FOLD
14,100,000
11,300,000
15,000,000
Juja
-0.9 %
-0.1 %
2.65 FOLD
13,100,000
7,000,000
16,000,000
Kiambu
1.2 %
8.0 %
2.70 FOLD
27,200,000
18,500,000
35,000,000
Kiserian
1.6%
4.9 %
2.61 FOLD
8,800,000
5,500,000
10,500,000
Kitengela
-0.1 %
7.9 %
2.92 FOLD
11,800,000
7,900,000
15,000,000
Limuru
2.4%
6.8%
2.94 FOLD
26,400,000
19,000,000
31,000,000
Ngong
0.9 %
13.7%
2.95 FOLD
13,600,000
7,500,000
15,500,000
Ongata Rongai
-2.0%
-3.9%
2.58 FOLD
11,400,000
6,600,000
15,000,000
Ruiru
-1.7%
1.5%
3.26 FOLD
14,100,000
9,000,000
18,000,000
Thika
2.0 %
6.4 %
1.83 FOLD
6,900,000
4,900,000
7,700,000
Tigoni
-0.2 %
5.2%
2.32 FOLD
30,400,000
23,500,000
29,000,000
Archived Reports