Kenya’s First and Most Expansive Price Index

HassConsult is committed to the quarterly publication of The Hass Property Index. This has proven over the last decade to be an important tool providing investors, home owners, the financial industry and consumers with current and historical information about house price inflation- allowing them to make informed decisions in the housing market, in order to enjoy the best possible returns.

We believe the index has also helped us all to understand far better the Kenyan real estate market, the urban residential market - and by extension, some of the dynamics within the Kenyan economy. In our experience, the best decisions are made with the clearest possible information. It is by working to flag within the market what is rising, and what falling, that we can do the most in ensuring funds are directed towards the properties that are currently most needed and most sought, particularly making the case for more affordable housing which is trending and now widely available.

Property Data Points
200,000+
Land Data Points
60,000+
Number of Price Indices Run Every Quarter
166
Client Research Studies
100+
Towns and Suburbs Covered Nationwide
320+

Q1. 2020 Highlights

Land Prices Ease as Covid-19 Lowers Market Liquidity

  • Nairobi suburbs and satellite towns land prices mildly ease by 0.9 percent and 0.21 over the quarter
  • Investors show reduced appetite for land on speculation that there is room for further price drops
  • Kitengela bucks the trend with prices rising by 12.7% in the last 12 months
  • Nairobi suburbs show biggest drop since Index was launched
  • Land still outpacing other asset classes
  • Temporary closure of lands registry as a COVID-19 preventative measure has halted transactions
  • Upperhill is the priciest suburb with an acre now at Ksh530.6 million
  • Ruaka is the most expensive satellite town at Ksh90.4 million per acre
The Hass Composite Land Index, Nairobi Suburbs
Nairobi-18 Index Results
-0.90%
0.28%
3.07 Fold
Suburb with Highest Quarterly Increase in Land Price
Land in Muthaiga (+2.38 % over last quarter)
Suburb with Highest Annual Increase in Land Price
Land in Spring Valley (+8.87 % over last year)
Suburb with Lowest Quarterly Increase in Land Price
Land in Gigiri (-2.82 % over last quarter)
Suburb with Lowest Annual Increase in Land Price
Land in Riverside (-7.21 % 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
-0.7 %
-2.0 %
7.41 FOLD
68,900,000
56,600,000
72,000,000
Gigiri
-2.8 %
-7.2 %
6.56 FOLD
230,800,000
152,500,000
320,000,000
Karen
0.0 %
2.5 %
7.98 FOLD
62,400,000
55,000,000
70,000,000
Kileleshwa
-0.2 %
1.1 %
7.50 FOLD
308,400,000
260,000,000
340,900,000
Kilimani
-1.4 %
-2.3 %
6.30 FOLD
420,300,000
400,000,000
480,000,000
Kitisuru
-0.6 %
2.2 %
6.43 FOLD
89,500,000
69,500,000
110,000,000
Langata
-2.0 %
1.7 %
5.98 FOLD
64,400,000
48,000,000
70,000,000
Lavington
-1.6 %
-2.7 %
5.58 FOLD
231,600,000
186,700,000
270,000,000
Loresho
-0.3 %
1.1 %
5.72 FOLD
91,000,000
76,000,000
110,000,000
Muthaiga
2.4 %
6.3 %
6.88 FOLD
182,400,000
150,000,000
211,100,000
Nyari
-0.7 %
5.2 %
6.34 FOLD
105,700,000
86,700,000
124,300,000
Parklands
-1.7 %
-3.9 %
5.16 FOLD
401,800,000
340,000,000
447,200,000
Ridgeways
-0.9 %
-1.1 %
6.56 FOLD
76,000,000
64,000,000
80,000,000
Riverside
-1.8 %
-7.2 %
5.33 FOLD
364,000,000
320,000,000
389,700,000
Runda
0.4 %
-1.9 %
6.17 FOLD
85,300,000
70,000,000
100,000,000
Spring Valley
0.7 %
8.9 %
4.63 FOLD
173,800,000
110,700,000
190,000,000
Upperhill
-1.6 %
-4.0 %
8.84 FOLD
530,600,000
450,000,000
600,000,000
Westlands
0.5 %
1.0 %
5.74 FOLD
420,200,000
347,400,000
500,000,000
Nairobi Satellite Town
Land Index
Athi River
1.4 %
6.9 %
10.72 FOLD
13,700,000
6,400,000
19,300,000
Juja
-0.3 %
8.9 %
16.74 FOLD
14,500,000
5,000,000
20,000,000
Kiambu
-0.7 %
4.3 %
7.53 FOLD
43,200,000
20,000,000
58,000,000
Kiserian
-2.3 %
5.5 %
7.58 FOLD
7,500,000
3,600,000
9,600,000
Kitengela
2.0 %
12.7 %
8.15 FOLD
12,500,000
6,800,000
16,000,000
Limuru
1.5 %
10.3 %
12.35 FOLD
23,800,000
13,300,000
32,500,000
Mlolongo
1.6 %
6.0 %
5.72 FOLD
27,600,000
13,000,000
40,000,000
Ngong
0.4 %
3.9 %
7.03 FOLD
21,600,000
10,400,000
28,000,000
Ongata Rongai
-0.5 %
3.9 %
9.31 FOLD
21,900,000
9,500,000
28,000,000
Ruaka
-1.3 %
3.2 %
8.12 FOLD
90,400,000
56,900,000
120,000,000
Ruiru
-0.5 %
11.1 %
11.23 FOLD
26,400,000
13,200,000
34,900,000
Syokimau
-0.7%
5.1 %
7.30 FOLD
22,300,000
12,300,000
30,000,000
Thika
-1.7 %
0.7 %
9.06 FOLD
18,600,000
8,000,000
24,500,000
Tigoni
0.9 %
6.3 %
9.73 FOLD
24,200,000
17,000,000
30,000,000