Land prices in city satellite towns drop as boom ends

A section of Runda Paradise, a Sh1.7 billion gated community housing project located at Paradise Lost in Kiambu. FILE PHOTO | NMG

Land prices in most satellite towns surrounding Nairobi dropped in the six months to September at the peak of the coronavirus economic hardships that cut demand for property.

Data from real estate research firm HassConsult, shows that prices of land in areas such as Kiambu, Syokimau and Kiserian dropped by between 0.54 percent and 8.1 percent.

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