Rents dropped and land prices eased in Nairobi and the surrounding counties of Kiambu, Kajiado and Machakos in the first three months of the year with effects of the coronavirus pandemic expected to further hurt the property market on reduced demand.
HassConsult, which conducts a quarterly property pricing index in Kenya, said yesterday that rents dropped 0.7 percent in the three months to March, compared to a growth of 8.7 percent in a similar quarter last year.
