High-end houses cost double units in cheaper locations

A house in Karen, Nairobi. FILE PHOTO | NMG

Buying a house in Muthaiga, Kileleshwa, and Nyali among other upmarket areas is three times more expensive than in the lower market regions and twice the cost of one in the mid-market segment, a new report shows.

The Kenya Bankers Association-House Price Index (KBA-HPI) report reveals the average price of a house in the high-market segment which comprises Spring Valley, Riverside, Milimani (Kisumu), Milimani (Nakuru), Runda, Karen is Sh20.95 million as at the end of the last quarter of 2021.

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Note: The results are not exact but very close to the actual.