House price boom in Nairobi slows down in pandemic-hit market

Kileleshwa Estate in Nairobi. FILE PHOTO | NMG

House prices in Nairobi’s suburbs stagnated last year, owing to an overall drop in the property costs due to lower demand tied to the economic fallout of Covid-19.

HassConsult, which conducts property pricing index in the country, said on Wednesday that overall housing prices in the city increased by a mere 0.17 per cent largely due to a 1.2 per cent price decline in the three months to December.

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