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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+

Q2. 2021 Highlights

Langata property market boosted by affordability in city’s economic recovery

  • Overall property sales prices were static, registering a 0.1 percent drop over the quarter accumulating in an annual 1.7 percent drop from June 2020 driven largely by the large annual drops in apartment pricing in Kilimani and Kileleshwa, down 9.5 and 6.9 percent in the year to June 2021.
  • Langata town bucked the trend to record the biggest quarterly and annual sale price increases at 4.1 percent and 10.3 percent respectively on retaining the city’s most affordable property.
  • Overall property rental prices showed a mild recovery rising 1.1 percent in the quarter ending June 2021, firmly driven by the rise in rental pricing of detached houses
  • Mlolongo town rents dropped by 1.6 percent over the quarter while Athi River saw a 4.3 percent drop over the year.
The Hass Composite Rental Index
All Properties
1.1 %
6.1 %
1.73 Fold
Segment with Highest Quarterly Increase in Rental Price
Apartments in Donholm ( +5.7% over last quarter)
Segment with Lowest Quarterly Increase in Rental Price
Apartments in Riverside ( -2.8% over last quarter)
Segment with Highest Annual Increase in Rental Price
Apartments in Langata ( +12.9% over last year)
Segment with Lowest Annual Increase in Rental Price
Apartments in Kilimani ( -11.5% over last year)
Nairobi Suburbs
Property Rental Index
Donholm
0.9 %
-5.6 %
1.52 FOLD
43,800
35,000
45,000
Gigiri
-1.6 %
-3.2 %
1.60 FOLD
350,000
300,000
400,000
Karen
1.9 %
5.8 %
1.74 FOLD
251,400
200,000
300,000
Kileleshwa
-1.2 %
-4.2 %
2.28 FOLD
232,900
170,000
300,000
Kilimani
0.9 %
1.6 %
1.64 FOLD
191,700
140,000
230,000
Kitisuru
-0.2 %
-4.2 %
1.90 FOLD
315,100
250,000
380,000
Langata
-0.6 %
-1.1 %
1.32 FOLD
188,500
97,500
270,000
Lavington
0.3 %
-3.9 %
2.07 FOLD
268,600
220,000
325,000
Loresho
0.7 %
-2.7 %
1.58 FOLD
213,900
180,000
250,000
Muthaiga
1.1 %
7.9 %
1.96 FOLD
339,700
250,000
400,000
Nyari
0.4 %
-2.9 %
1.47 FOLD
330,900
250,000
380,000
Ridgeways
-1.1 %
-2.8 %
1.70 FOLD
227,800
180,000
270,000
Runda
0.2 %
-1.5 %
1.43 FOLD
321,700
250,000
380,000
Spring Valley
-0.01 %
-3.6 %
1.48 FOLD
250,300
200,000
290,000
Westlands
-0.4 %
-1.5 %
2.21 FOLD
231,500
170,000
270,000
Nairobi Satellite Town
Property Rental Index
Athi River
-2.09 %
-3.9 %
1.24 FOLD
43,200
35,000
45,000
Juja
-0.8 %
-0.4 %
1.95 FOLD
40,400
30,000
50,000
Kiambu
0.02 %
-2.6 %
1.53 FOLD
129,900
110,000
150,000
Kiserian
-0.6 %
7.0 %
1.96 FOLD
42,700
30,000
55,000
Kitengela
2.0 %
6.2 %
1.61 FOLD
45,600
35,000
50,000
Limuru
0.7 %
2.5 %
2.07 FOLD
101,200
90,000
120,000
Ngong
-1.4 %
8.0 %
2.44 FOLD
51,700
40,000
65,000
Ongata Rongai
0.4 %
-2.4 %
1.69 FOLD
41,600
30,000
45,000
Ruiru
-0.3 %
7.0 %
2.15 FOLD
53,300
45,000
65,000
Tigoni
0.4 %
7.0 %
2.15 FOLD
123,700
100,000
132,000