Price Of Land In Popular Nairobi Suburbs

The prices of land in five Nairobi suburbs and satellite towns recorded a slight decline in the fourth quarter of last year, between October and December.

Hass Consult, in its Fourth Quarterly Report published on Wednesday, January 22, revealed that land prices in Gigiri, Kitisuru, Muthaiga, Ngong, and Kiambu towns experienced marginal drops compared to the third quarter, which covered July to September.


Nairobi’s Upperhill region maintains top place as the most expensive land in the city with an average price per acre of Ksh522.7 million #KenyansData

According to the report, Kitisuru saw the largest decline among the towns in the Nairobi Metropolitan Area, with a 1.4 per cent depreciation, followed by Kiambu at 0.3 per cent.

Sakina Hassanali, Head of Development Consulting and Research at Hass Consult, attributed the decline to periods of economic uncertainty, which led some developers to postpone decisions to acquire more land.


An aerial view of affordable houses under construction in Pangani, Nairobi County

“It also shows that the infrastructure-led price boost in areas such as Thika, Kiserian, Mlolongo, and Syokimau is starting to wane, given the sharp price jumps of previous quarters,” Hassanali stated.

The report further attributed the drop in land purchases in these estates to a tough economy which triggered massive job losses and further high interest rates that affected land buyers.

Despite the drop in land prices in the five estates, the prices of land in Nairobi towns such as Karen, Kileleshwa, Kilimani, Langata, Lavington, Loresho, Nyari, Parklands and Ridgeways appreciated.

Other towns where land prices improved include Riverside, Runda, Spring Valley, Upper Hill, Westlands, Juja, Athi River, Ongata Rongai, Ruiru, Syokimau and Thika.

As per the report, the price of land in Juja recorded the highest appreciation rate at 4.1 per cent followed by settlite estates such as Syokimau, Ruiru and Parklands.

For instance, an acre of land in Juja currently retails at Ksh23,100,000 while lands in Syokimau, Ruiru and Parklands retail at Ksh37,800,000, Ksh35,600,000 and Ksh448,700,000 respectively.

Meanwhile, the report also highlighted Nairobi estates where rental prices dropped during the fourth quarter of last year. According to Hass Consult, land prices dropped drastically in Karen, Kileleshwa, Muthaiga, Runda, Westlands and Ngong.

While explaining the reason behind the drop in rental prices in these areas, Sakina Hassanali noted that tough economic times were witnessed in the country during the final quarter of last year which forced landlords to consider lowering rents.

New land rates law: Who will pay for freehold property and who won’t

https://www.businessdailyafrica.com/bd/opinion-analysis/columnists/who-will-pay-for-freehold-property-and-who-won-t-4890058#google_vignette

Land tax will fix this madness. Immediate price correction if you’re made to pay 10% on land worth 500M. This bill should pass like yesterday. Good for the economy.

That one is a hoax. Not possible to charge such a tax… Even stamp duty during transfer is 4% for towns and 2% for rural areas… only 15% on the profit made on selling property (CGT) applies…

Look up the new 2025 finance bill that’s being proposed. Land tax will be the game changer in bonobo land.

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I have seen the listing but it’s fake.

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Kenyarra family ndio target ya hii tax in my opinion

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Kwani kenya Kwanza big wigs don’t own land.

Your mother in the village is the target. She has to pay kaongo tax to live on her ancestral land. Watasema her 2 acres are worth 2m kwa hivyo alipe Ksh 200,000 tax each year. Laws apply to all citizens.

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Let’s wait for the details, will probably apply to say over 50 or 100 acre holders. Besides Gen Z bado wako area

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So it is targeting wafugaji in arid areas?

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Haiwezi that’s the voter base jsks is now banking on unless he wants to commit political sepuku it’s dead on arrival.

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Low IQ comment. The best alternative is to provide infrastructure and utilities in other regions. People will have less motivation to buy a plot in Runda if they can get a similar sized plot in Juja Farm and the likes with all the utilities and infrastructure.

If I can buy a half acre plot for say 3M in Juja farm (controlled development) with every utility on site and a smooth tarmac road to my gate, I will be less willing to shell 45M for land in Runda just to save 1 hour of commute time, especially if I don’t need to be in Nairobi core more than once a week.

The best way of controlling land prices is by giving people viable alternatives.

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How much property tax are you paying huko US?

people in Murica are being taxed out of their homes

https://x.com/WallStreetApes/status/1776678479851102627

https://x.com/therealtblake/status/1517833043549036545

Communal land, title deed haina jina ya mtu

You will own nothing and Be Happy. W.E.F. CLAWS SCRABS!!!

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The community/clan will pay. No escape. The law applies to ALL citizens.

Waah. Tax ya over Ksh 2m ($18k) per year na nyumba ni yako. Tough.

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So you are one to pay tax and the local government does not provide services. No water, garbage, roads, sewer, police, firefighters…

You can’t just celebrate for the sole purpose that land prices will drop. What if the government did the same to shareholding or bond holders? Hiyo 15% cgt on sale is enough pain.

Land is an asset class like any other.

Never. The law is not equal to every Kenyan.
Tembea na njora daily ukiingia afisi yeyote, political gatherings, police stations… kama Maasai uone kama hautaulizwa una nia ipi.

Au chunga mifugo yako kando kando ya main road ukiwa umejihami kwa unlicensed AK 47 kama akina @Gaza uone kama hautanyakwa.

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