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

Property resilient as COVID-19 takes toll on global economies

  • Property prices mildly edged up by 0.9 per cent over the quarter with detached and semi-detached houses showing some resilience with slight increases of 1.3 percent and 0.9 per cent respectively
  • Apartment prices recorded a slight decline of 0.4 per cent over the quarter continuing a period of price stagnation bringing the total annual decline to 2.0 per cent
  • Conversely, rent prices rose by 1.6 percent with apartments posting the strongest growth at 2.9 per cent showing recovery after falls in mid 2019
  • The rise in rents for apartments has led to the rise in rental yields in the category to 7.19 per cent by end March 2020 compared to rental yields of 6.76 per cent recorded in the same period in 2019
  • The property market has significantly outperformed the NSE-20 in the last 5 years, with KES. 100 invested in the stock market in Q1. 2015 returning KES. 40 in Q1. 2020 while the same invested in property would return KES. 122 in the same time frame.
The Hass Composite Sale Index
All Properties
0.9 %
-0.02 %
1.67 Fold
Segment with Highest Quarterly Increase in Sale Price
Houses in Loresho (+3.6 % over last quarter)
Segment with Lowest Quarterly Increase in Sale Price
Houses in Tigoni (-4.7 % over last quarter)
Segment with Highest Annual Increase in Sale Price
Houses in Ridgeways ( 9.4 % over last year)
Segment with Lowest Annual Increase in Sale Price
Houses in Juja ( -9.3% over last year)
Nairobi Suburbs
Property Sale Index
Donholm
0.3 %
3.6 %
3.50 FOLD
13,400,000
11,000,000
15,000,000
Gigiri
2.0 %
4.2 %
2.99 FOLD
119,800,000
100,000,000
160,000,000
Karen
0.4 %
1.6 %
3.53 FOLD
88,000,000
70,000,000
105,000,000
Kileleshwa
-1.6 %
-4.0 %
2.77 FOLD
45,900,000
32,100,000
60,000,000
Kilimani
0.0 %
0.4 %
2.56 FOLD
34,600,000
26,000,000
40,000,000
Kitisuru
0.7 %
1.4 %
2.96 FOLD
84,300,000
52,000,000
115,000,000
Langata
0.4 %
-3.0 %
4.30 FOLD
30,700,000
17,500,000
32,000,000
Lavington
-0.2 %
0.3 %
2.90 FOLD
66,700,000
50,000,000
75,000,000
Loresho
3.6 %
7.0 %
2.73 FOLD
51,900,000
33,000,000
70,000,000
Muthaiga
-0.4 %
3.5 %
2.44 FOLD
80,200,000
45,000,000
95,000,000
Nyari
-0.3 %
4.3 %
2.80 FOLD
103,600,000
85,000,000
120,000,000
Ridgeways
-0.2 %
9.4 %
2.75 FOLD
63,300,000
47,000,000
85,000,000
Runda
-1.6 %
0.2 %
3.25 FOLD
92,100,000
65,000,000
120,000,000
Spring Valley
0.9 %
3.9 %
2.47 FOLD
65,600,000
55,000,000
78,000,000
Westlands
-0.1 %
1.0 %
3.10 FOLD
54,300,000
38,000,000
65,000,000
Nairobi Satellite Town
Property Sale Index
Athi River
-2.7 %
-3.6 %
3.04 FOLD
13,600,000
10,500,000
14,000,000
Juja
-0.6 %
-9.3 %
2.40 FOLD
11,900,000
5,800,000
14,000,000
Kiambu
0.9 %
4.2 %
2.82 FOLD
28,300,000
24,500,000
35,000,000
Kiserian
1.8 %
-0.7 %
2.60 FOLD
8,800,000
5,400,000
10,000,000
Kitengela
-2.6 %
-5.6 %
2.75 FOLD
11,100,000
7,500,000
13,500,000
Limuru
-1.8 %
5.0 %
3.09 FOLD
27,700,000
25,000,000
30,000,000
Ngong
-3.2 %
-3.2 %
2.86 FOLD
13,200,000
7,200,000
15,000,000
Ongata Rongai
-2.62 %
-1.3 %
2.55 FOLD
11,200,000
6,700,000
15,000,000
Ruiru
-1.0 %
-1.3 %
3.22 FOLD
13,900,000
8,000,000
18,000,000
Tigoni
-4.7 %
-4.1 %
2.22 FOLD
29,100,000
20,000,000
34,000,000