Kenya’s property prices outpace US, UK on high demand

HassConsult Limited Head of Development Consulting and Research Sakina Hassanali.

Photo credit: File | Nation Media Group

Home prices in Kenya rose at faster rate compared to advanced economies like South Africa, United States and United Kingdom, buoyed by a bulging middle class, a property price index shows.

HassConsult, which conducts the property pricing index in Kenya and largely sells homes in the high and middle segments of the market, said prices of stand-alone houses grew the most by 7.8 percent in the year to June.

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