According to Hass Consult, the recent prolonged electioneering period in Kenya revealed that land is no longer immune to political risk. In the past, land prices have been known to defy political risks and recorded high growth rates.
There were no reported cases of a land price drop in any area but the growth rate was rather slow, this was experienced in both Nairobi suburbs and the satellite towns and the slowest month being September last year (2017)
Generally, land prices recorded a positive return in the fall of 2017 and more positive returns from the start of 2018. Land in many of these satellite towns is rapidly on the rise considering the fact that many people are rushing to own a “piece” of the town because of good infrastructure, health standards, job creation and so on and so forth.
Here is a look at the most expensive places to buy land in Nairobi’s satellite towns in 2018.
AVERAGE VALUE OF LAND PER ACRE