Land prices in Nairobi and the surrounding counties of Kiambu, Kajiado and Machakos have increased by the largest margin in nearly a decade on the back of investors seeking space to build apartments amid concerns over a glut.
HassConsult, which conducts a quarterly property pricing index in Kenya, said on Tuesday that land prices in the capital increased 8.2 percent in the year to September to an average of Sh210.7 million an acre, the fastest expansion since 2015.
