Land prices in Nairobi’s surrounding towns grew 1.9 percent in the last quarter of 2024, marking the slowest pace of appreciation in 18 months in a tough economy where purchasing power was hurt by job losses and high interest rates.
Analysis of land prices in Nairobi done by real estate firm HassConsult found that the average cost of an acre in the satellite towns rose by 1.9 percent to Sh30.9 million in the three months to December 2024. In the previous quarter, the average price had gone up by 3.02 percent.
