Nairobi suburbs recorded an average 4.2 percent price growth in the year to June, marking Karen and Langata among outliers.
By
George Ngigi
Correspondent
Nation Media Group
Land prices in Karen and Langata grew at the fastest pace among Nairobi’s suburbs and satellite towns in the year to June after a change in policy allowed construction of high-rise buildings in sections of the estate.
Housing had been one of Kenya’s fastest-growing sectors in the decade to 2019, with returns from real estate outpacing equities…
The rise in standalone house prices contrasted with the performance of high-end apartments in Nairobi, where values declined over…
Surging land costs and rapid population growth have driven Nakuru City's public and private developers to embrace high-rise…
Kenyans seeking to acquire property in the affluent Coastal neighborhoods, will now have to pay double the price they paid before…
The apartment boom reflects the economics of Nairobi's land market rather than competition for prestige.
Rising land costs in major urban centres and growing demand for housing are pushing property investors and home buyers to…
