The Hass Property Index is based on advertised land prices in 18 suburbs and 14 satellite towns. The price of an acre in Upper Hill, which is rapidly growing into Nairobi’s financial services district, rose by 0.9 per cent quarter-on-quarter to an average of Sh542.1 million in January-March period. An acre in Parklands averaged Sh411.5 million, while in Kileleshwa the asking price averaged Sh293.5 million. Ruaka remained the most expensive satellite town with an average value of Sh80.5 million an acre up from Sh77.8 million during the previous quarter. Land prices in Tigoni, however, posted highest quarterly increment, growing 5.9 per cent to average Sh20.5 million.

Source: The Star April 24, 2017 21:44 UTC