Nanyuki’s expansive land draws thirsty property developersAn aerial view of Nanyuki Town, it lies between the North Rift and Central Region (Kibata Kihu/Standard)About 800 metres before you get to Nanyuki town, huge billboards advertising major brands compete for your attention along the highway.And its no wonder. Read Now »He said the uptake of business space has increased rapidly compared to five years ago when devolution was just picking up. Prices spiked Construction of high-end hotels, malls and lodges have partly led to the spike in land prices. Cytonn Investments observed that the plots recorded average annual sales of 45.8 per cent in 2019 due to growing demand for development land. “The demand for development land is fueled by speculation for higher property value boosted by the opening of the Northern Corridor,” he told Home & Away.

Source: Standard Digital April 30, 2020 11:00 UTC