A majority of Nairobi’s satellite towns recorded double-digit price growth in the year to March 2024, keeping them on track to beat government securities in returns once interest rates go down as per the Central Bank of Kenya (CBK) projection.
The quarter one 2024 land price index compiled by real estate firm HassConsult shows that the price per acre in Ongata Rongai appreciated by 16 percent to Sh27.4 million in the 12 months to March, followed by Syokimau at 15.8 percent to Sh33.7 million.
