Nairobi luxury home prices second fastest growing in Africa

Prices of prime residential properties in Nairobi recorded the second fastest growth in Africa amidst harsh economic conditions and widely reported corruption.
The Knight Frank Prime Global Cities Index for the third quarter showed that Nairobi prices increased by 3.5 per cent in the 12 months to September.

Nairobi’s growth rate was ranked 14th globally, and second only to Cape Town’s six per cent. The quarterly index tracks luxury house prices in local currencies across 34 cities worldwide.