Realtor HassConsult says in its 2017 quarter four price index report that land price in Nairobi suburbs only increased by 3.3 per cent while that of satellite towns was up by 5.4 per cent, both the slowest since the index began in 2007. “If you look at the overall trend in the last five years, land prices have been growing but at a decreasing rate. It was exacerbated last year due to the uncertainty in the economy. It is only in areas where we have infrastructure coming up that we see prices going right back up,” said Ms Hassanali. Among satellite towns, Kitengela recorded the highest price increase at 16.6 per cent, similarly benefitting from improved infrastructure and relatively affordable land compared to other satellite towns.

Source: Daily Nation January 24, 2018 06:22 UTC