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. 2019 Highlights

House prices in Nairobi’s satellite towns fall for the first time in history while the overall property market holds firm

  • House prices in satellite towns drop by 0.5 per cent in 2019, the first ever drop since 2008, showing home buyers in these areas are finding the economic environment challenging
  • Overall prices for all properties marginally improve by 1.2 per cent over the quarter
  • Rents in satellite towns drop by 2.1 per cent in 2019, the first ever drop showing that landlords are less demanding in response to challenges in the rental market.
  • Ridgeways suburb and Limuru town prove resilient posting annual house prices increases of 10.8 per cent and 9.5 per cent respectively,
  • Rents in Nairobi suburbs cool falling by 2.3 per cent on an annual basis and 1.3 per cent over the quarter.
The Hass Composite Sale Index
All Properties
1.2 %
-3.5 %
2.38 Fold
Segment with Highest Quarterly Increase in Sale Price
Houses in Limuru (+3.3 % over last quarter)
Segment with Lowest Quarterly Increase in Sale Price
Apartments in Langata ( -3.9 % over last quarter)
Segment with Highest Annual Increase in Sale Price
Houses in Ridgeways ( +10.8 % over last year)
Segment with Lowest Annual Increase in Sale Price
Houses in Juja ( -9.6% over last year)
Nairobi Suburbs
Property Sale Index
Donholm
1.4 %
4.3 %
3.49 FOLD
13,300,000
11,000,000
15,000,000
Gigiri
0.6 %
3.6 %
2.93 FOLD
117,400,000
85,000,000
140,000,000
Karen
-0.2 %
2.8 %
3.51 FOLD
87,600,000
70,000,000
105,000,000
Kileleshwa
-1.2 %
-1.6 %
2.82 FOLD
46,600,000
35,000,000
60,000,000
Kilimani
-0.9 %
-0.7 %
2.56 FOLD
34,600,000
26,000,000
40,000,000
Kitisuru
0.4 %
2.1 %
2.94 FOLD
83,800,000
52,000,000
120,000,000
Langata
1.1 %
-4.0 %
4.29 FOLD
30,600,000
17,000,000
32,300,000
Lavington
0.2 %
2.8 %
2.91 FOLD
66,900,000
50,000,000
75,000,000
Loresho
0.9 %
6.8 %
2.63 FOLD
50,100,000
33,000,000
65,000,000
Muthaiga
0.5 %
8.4 %
2.45 FOLD
80,500,000
54,800,000
95,000,000
Nyari
0.3 %
6.6 %
2.81 FOLD
103,900,000
85,000,000
120,000,000
Ridgeways
2.9 %
10.8 %
2.76 FOLD
63,400,000
47,000,000
85,000,000
Runda
-1.6 %
-0.1 %
3.20 FOLD
90,600,000
68,000,000
120,000,000
Spring Valley
0.8 %
5.0 %
2.45 FOLD
65,000,000
55,000,000
75,000,000
Westlands
-0.1 %
2.5 %
3.10 FOLD
54,400,000
38,000,000
65,000,000
Nairobi Satellite Town
Property Sale Index
Athi River
0.3 %
5.5 %
3.20 FOLD
14,100,000
11,000,000
15,000,000
Juja
-1.1 %
2.1 %
3.13 FOLD
14,000,000
10,500,000
14,500,000
Juja
-1.9 %
-9.6 %
2.41 FOLD
11,900,000
5,800,000
15,000,000
Kiambu
0.6 %
4.5 %
2.79 FOLD
28,100,000
24,100,000
35,000,000
Kiserian
-0.9 %
-0.9 %
2.55 FOLD
8,600,000
5,600,000
10,000,000
Kitengela
-0.8 %
-3.2 %
2.83 FOLD
11,400,000
7,500,000
14,000,000
Limuru
3.3 %
9.5 %
3.15 FOLD
28,200,000
25,000,000
30,000,000
Ngong
-0.8 %
1.0 %
2.95 FOLD
13,600,000
7,200,000
16,000,000
Ongata Rongai
0.04 %
-0.7 %
2.62 FOLD
11,500,000
5,500,000
15,000,000
Ruiru
0.3 %
-1.9 %
3.25 FOLD
14,100,000
8,000,000
18,000,000
Tigoni
-1.7 %
0.3 %
2.33 FOLD
30,500,000
22,800,000
45,000,000
Archived Reports