Nairobi Estates: The latest house pricing index by the Kenya Bankers Association has revealed the estates in Nairobi where Kenyans are buying more houses.
According to the index, houses in prime areas such as Kileleshwa, Kilimani, Westlands, Spring Valley and Riverside in Nairobi attract high demand, with eight out of every 10 deals being closed between January and March this year.
The index also showed that houses in areas such as Runda, Karen, Garden Estate, Parklands, Ridgeways, Muthaiga, Loresho and Kitisuru are also fetching higher prices.
Houses in Imara Daima, South B, South C, Komarock, Waiyaki Way and Buruburu are not getting too many buyers. The index shows that only seven per cent of deals were concluded for houses in these estates.
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Houses in Athi River, Mlolongo, Mavoko, Nakuru, Ngong, Ruaka, Syokimau, Embakasi and Kahawa Wendani recorded the second highest transactions.
Outside the capital city, houses in Nyali in Mombasa, Milimani in Kisumu, and Milimani in Nakuru were the most priced.
Interestingly, the index by KBA indicates that home buyers are slowly shifting away from apartments. For example, transactions in townhouses all over the country increased by 45 per cent.
The price index also showed that transactions for bungalows and maisonettes were 12 per cent and 10 per cent respectively. Nairobi Estates.
