A decades-long property boom on the outskirts of Nairobi, including Kiambu, Kitengela and Ngong, is coming to an end as home prices drop and land costs soften.
HassConsult, a property agency which compiles a quarterly property index, says that house prices in the satellite towns have dropped in the past two quarters to June, while land cost grew 1.4 percent — the slowest in eight years.
