Prime

Nairobi satellite towns making a fortune for property investors

DnNairobiExpressway0(2)

Nairobi Expressway along Waiyaki Way, Westlands in this photo taken on April 16, 2022. Nairobi Expressway made history as the first toll road in Kenya and the East African region. PHOTO | JEFF ANGOTE | NMG

By  Charles Mwaniki

Business Reporter

Nation Media Group

Nairobi’s satellite towns, among them Ngong, Mlolongo and Syokimau are making a fortune for investors in the property sector, even as the suburbs such as Upper Hill, Kilimani and Lavington lose value.

The satellite towns recorded the biggest land price appreciation gains in five years, riding on improved accessibility and quality amenities that are a magnet for the middle class.

Related

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME CMA questions hit Kenya sale of Dangote shares

  2. PRIME How repeat Dubai trips exposed high-end phones smuggling route at JKIA

  3. PRIME CBK seeks power to raid, oust top bosses at payment firms

  4. PRIME From Olympic gold to sobriety: Wilfred Bungei’s second race

In the headlines

View All