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.

 

Q4. 2019 Highlights

Land prices in mild recovery as developers go slow on Nairobi’s high-density suburbs

  • Land prices in suburbs increase by 1.69 percent over the year while in the satellite towns prices increase by 6.93 over the same period.
  • Kitengela records the highest increase over the year at 10.71 percent while Ongata Rongai lead on a quarterly basis at 4.56 percent
  • Spring Valley posts highest annual and quarterly record at 8.52 percent and 2.58 percent respectively
  • Riverside recorded a 9.24 percent drop over the year and Parklands a 2.42 percent over the quarter
  • Mlolongo saw prices drop by 2.8 percent over the quarter year
  • Upperhill has the most expensive land at Ksh539 million while Ruaka land now reaches 91 million per acre
  • Karen has the most affordable land at Ksh62.4 million while Kiserian leads in the suburbs at Ksh7.7 million
The Hass Composite Land Index, Nairobi Suburbs
Nairobi-18 Index Results
0.4%
1.7%
6.41 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Spring Valley (+2.58 % over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Spring Valley (+8.52 % over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Parklands (-2.42 % over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Riverside (-9.24 % over last year)
The Hass Composite Land Index, Nairobi Satellite Towns
Nairobi Satellite-14 Index Results
1.94 %
6.93 %
9.11 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Ongata Rongai (+4.56 % over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Kitengela (+10.71 % over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Syokimau (-0.82 % over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Mlolongo (+2.80 % over last year)
Nairobi Suburbs
Land Index
Donholm
1.1 %
1.2 %
7.46 FOLD
69,300,000
55,000,000
80,000,000
Gigiri
-0.7 %
-4.8 %
6.75 FOLD
237,500,000
130,000,000
320,000,000
Karen
0.3 %
3.2 %
7.98 FOLD
62,400,000
55,000,000
70,000,000
Kileleshwa
-0.6 %
0.8 %
7.51 FOLD
308,900,000
260,900,000
340,900,000
Kilimani
-1.6 %
0.1 %
6.39 FOLD
426,300,000
400,000,000
480,000,000
Kitisuru
-0.1 %
5.4 %
6.47 FOLD
90,000,000
70,000,000
110,000,000
Langata
-0.5 %
4.8 %
6.10 FOLD
65,700,000
50,000,000
93,000,000
Lavington
-0.8 %
-1.6 %
5.67 FOLD
235,300,000
186,700,000
270,000,000
Loresho
-2.1 %
5.2 %
5.74 FOLD
91,300,000
80,000,000
110,000,000
Muthaiga
1.2 %
1.5 %
6.72 FOLD
178,200,000
140,000,000
211,100,000
Nyari
0.6 %
5.1 %
6.39 FOLD
106,500,000
92,000,000
125,000,000
Parklands
-2.4 %
1.6 %
5.25 FOLD
408,500,000
357,100,000
480,000,000
Ridgeways
-0.2 %
2.0 %
6.62 FOLD
76,700,000
64,000,000
84,000,000
Riverside
-2.2%
-9.2 %
5.42 FOLD
370,600,000
320,000,000
389,700,000
Runda
0.2 %
-2.0 %
6.14 FOLD
84,900,000
70,000,000
96,900,000
Spring Valley
2.6 %
8.5 %
4.60 FOLD
172,600,000
111,000,000
170,000,000
Upperhill
-1.2 %
-2.3 %
8.98 FOLD
538,900,000
460,000,000
600,000,000
Westlands
-0.1 %
0.1 %
5.71 FOLD
418,000,000
350,000,000
500,000,000
Nairobi Satellite Town
Land Index
Athi River
1.3 %
6.6 %
10.58 FOLD
13,500,000
5,000,000
20,000,000
Juja
2.4 %
9.8 %
16.79 FOLD
14,600,000
4,800,000
18,400,000
Kiambu
0.9 %
4.5 %
7.58 FOLD
43,500,000
21,000,000
54,000,000
Kiserian
2.3 %
8.2 %
7.75 FOLD
7,700,000
3,500,000
9,600,000
Kitengela
1.1 %
10.7 %
7.99 FOLD
12,200,000
6,800,000
15,800,000
Limuru
3.8 %
7.2 %
12.35 FOLD
23,500,000
12,000,000
32,500,000
Mlolongo
-0.2 %
2.8 %
5.63 FOLD
27,200,000
11,800,000
40,000,000
Ngong
1.7 %
4.0 %
7.00 FOLD
21,5 00,000
9,300,000
28,000,000
Ongata Rongai
4.6 %
6.5 %
9.36 FOLD
22,000,000
8,000,000
28,000,000
Ruaka
0.7 %
6.0 %
8.23 FOLD
91,500,000
60,000,000
116,000,000
Ruiru
3.6 %
9.7 %
11.28 FOLD
26,500,000
12,000,000
32,700,000
Syokimau
-0.8%
9.2 %
7.35 FOLD
22,400,000
13,200,000
29,200,000
Thika
1.0 %
3.9 %
9.22 FOLD
18,900,000
7,500,000
24,700,000
Tigoni
1.2 %
3.8 %
9.64 FOLD
24,000,000
16,800,000
28,000,000
Archived Report