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

Hass Consult reveals marked and general recovery in property prices Q4 2018

  • Apartment rental prices surged upwards in Q4 2018, ending three years of lacklustre growth and falling rates.
  • A 15.9 per cent rise in apartment rental prices in 2018 was the strongest growth for almost a decade, since mid-2009.
  • Rental prices for semi-detached houses also bounced back in 2018, rising 12.6 per cent.
  • But rents for detached houses continued to suffer from weak demand, shifting up just 3.7 per cent in 2018, to regain their previous peak of early 2017 by year end.
  • The final quarter of 2018 brought a small uptick in apartment sales prices after 13 consecutive months of price falls.
  • But 2018 saw strong recoveries in the sales prices for semi-detached and detached houses, by 9.5 per cent and 9.7 per cent in 2018.
The Hass Composite Sale Index
All Properties
1.3 %
8.5 %
2.47 Fold
Segment with Highest Quarterly Increase in Sales Price
Houses in Nyari ( +5.8% over last quarter)
Segment with Lowest Quarterly Increase in Sales Price
Houses in Tigoni ( -1.6% over last quarter)
Segment with Highest Annual Increase in Sales Price
Houses in Ngong ( +16.7% over last year)
Segment with Lowest Annual Increase in Sales Price
Apartments in Kilimani ( -3.4% over last year)
Nairobi Suburbs
Property Sale Index
Donholm
1.3 %
4.3 %
3.34 FOLD
12,800,000
11,000,000
14,500,000
Eastleigh
-0.3 %
1.8 %
3.03 FOLD
13,400,000
12,100,000
15,000,000
Gigiri
2.2 %
5.2 %
2.83 FOLD
113,400,000
95,000,000
140,000,000
Karen
3.1 %
7.0 %
3.42 FOLD
85,300,000
70,000,000
94,000,000
Kileleshwa
3.5%
6.8%
2.86 FOLD
47,400,000
33,000,000
55,000,000
Kilimani
0.7 %
3.7 %
2.58 FOLD
34,800,000
25,000,000
42,300,000
Kitisuru
2.4%
3.1%
2.88 FOLD
82,000,000
45,000,000
110,000,000
Langata
1.3%
4.4%
4.47 FOLD
31,900,000
20,000,000
32,000,000
Lavington
1.1%
3.8%
2.83 FOLD
65,100,000
50,000,000
75,000,000
Loresho
3.5%
7.6%
2.46 FOLD
46,900,000
30,000,000
62,000,000
Muthaiga
0.7 %
3.3 %
2.26 FOLD
74,300,000
35,000,000
88,000,000
Nyari
5.8%
11.2%
2.63 FOLD
97,500,000
85,000,000
101,300,000
Ridgeways
2.7%
4.9%
2.49 FOLD
57,200,000
37,000,000
65,000,000
Runda
3.3%
5.5%
3.21 FOLD
90,700,000
72,000,000
105,000,000
Spring Valley
0.6%
1.4%
2.33 FOLD
61,900,000
53,500,000
70,000,000
Westlands
2.1%
7.8%
3.03 FOLD
53,000,000
38,000,000
60,000,000
Nairobi Satellite Town
Property Sale Index
Athi River
2.2%
8.0%
3.06 FOLD
13,700,000
11,500,000
14,500,000
Juja
0.0 %
0.5 %
2.67 FOLD
13,200,000
7,000,000
15,000,000
Kiambu
3.2 %
6.9 %
2.67 FOLD
26,900,000
18,000,000
35,000,000
Kiserian
1.4%
3.6%
2.57 FOLD
8,700,000
5,500,000
9,500,000
Kitengela
2.9%
10.2%
2.92 FOLD
11,800,000
7,000,000
15,000,000
Limuru
2.6%
6.4%
2.87 FOLD
25,800,000
19,000,000
31,000,000
Ngong
2.1%
16.7%
2.92 FOLD
13,500,000
7,800,000
15,500,000
Ongata Rongai
-1.0%
-0.9%
2.64 FOLD
11,600,000
6,800,000
15,500,000
Ruiru
1.3%
4.5%
3.32 FOLD
14,400,000
9,500,000
18,000,000
Tigoni
-1.6%
6.5%
2.32 FOLD
30,400,000
23,500,000
34,000,000
Archived Reports