Land Prices in Kenya: A new survey by Hass Property has placed land around the Upper Hill area of Nairobi as most expensive.
According to Kenya Retail Sector Report by real estate and investment management firm Cytonn Investments, the real estate sector performed better in 2018 compared to 2017. The report says that the metrics under consideration, namely retail space supply, retail market performance, retail space demand and market sentiments all returned a positive outlook apart from retail space supply which was neutral. The conclusion was also inspired by the higher yields at 8.6 per cent from 8.3 per cent in 2017, which is supported by the improved macroeconomic environment.
Land Prices in Kenya: Prices per acre in Nairobi and its environs:
Upper Hill has the most expensive land at Sh. 558.3 million per acre and Kiserian lowest at Sh. 7.1 million per acre.
Here is a list of land prices in Nairobi per acre:
Donholm Sh. 70 million
Eastleigh Sh. 293.9 million
Karen Sh. 59.8 million
Langata Sh. 61.2 million
Kileleshwa Sh. 306.3 million
Lavington Sh. 237.8 million
Athi River Sh. 12.6 million
Syokimau Sh. 20.4 million
Ruaka Sh. 86.8 million
Thika Sh. 18.1 million