Friday, April 26, 2024

These are the 10 best places to own property in Kenya

Kiambu has been ranked as the best county to own property in Kenya.This is according to the housing and property management firm HassConsult’s County Land Price Report.

The HassConsult report says that land prices rose at an average rate of 14.72 per cent in Kiambu over the past five years followed by Kisumu’s 12.74 per cent and Nakuru’s 12.70 per cent.

Kiambu’s Ruaka area recorded the highest land price inflation that pushed the cost of one acre to Sh. 83.1 million, up from Sh. 43.9 million five years ago. Kahawa Sukari in Kiambu area also recorded robust price growth over the period.

Kisumu registered a 12.74 per cent year-on-year growth rate, with an acre selling at Sh. 6.97 million, up from Sh. 3.8 million in 2012.

Nakuru enjoyed a 12.7 per cent year-on-year growth pushing the the average price of an acre of land to Sh. 4.58 million in 2017 against Sh. 4.5 million in 2012. Nakuru’s Ngata witnessed the sharpest rise in land prices that left an acre at Sh. 6.4 million, Sh. 4.9 million in Naivasha and Sh. 12.4 million in central Nakuru town.

Nairobi, however, remains by far the city with the highest land prices, averaging Sh. 189 million per acre, while Mombasa is second with Sh49.7 million. Land prices in the two leading cities grew at an annual rate of 4.23 per cent and 9.87 per cent respectively. An acre in Kilifi closed 2017 at Sh. 15.6 million, having risen 6.92 per cent. Machakos, which registered an 8.44 per cent annual growth, closed the year with an acre going for Sh. 13.2 million.

Below is the full breakdown of the 10 with the juiciest property returns which are the best places to own property in Kenya.

Ranking County Five-Year price growth % Current average price (Sh)
1 Kiambu 14.72% 32,251,517
2 Kisumu 12.74% 6,967,774
3 Nakuru 12.70% 4,582,272
4 Nairobi 10.98% 189,047,737
5 Uasin Gishu 10.81% 5,231,436
6 Kilifi 10.70% 15,655,765
7 Kajiado 9.66% 9,655,643
8 Mombasa 8.96% 49,777,654
9 Kwale 8.74% 10,021,165
10 Machakos 8.54% 13,285,483

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