Nairobi home prices dip as costly loans hit demand

The ongoing construction of a Sh5 billion government-led project to redevelop houses at Pangani estate, Nairobi on October 8, 2023.

Photo credit: File | Evans Habil | Nation Media Group

The growth of house sale prices in Nairobi slowed down in the first quarter of the year as the high cost of credit hit demand from home buyers.

Rental asking prices also expanded at a slower pace despite the fall in inflation during the period, indicating that the tough economic conditions are still weighing on the spending power of Kenyans.

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