Land prices in satellite towns grow at almost 7 times the rate of land in Nairobi.
- Land prices in Nairobi’s 18 suburbs grew by 0.4 percent over the quarter, the highest quarterly growth since the last
quarter of 2019.
Langata, Gigiri and Ridgeways led the revival as Kileleshwa, Donholm and Riverside lagged on increased supply.
Nairobi’s 14 satellite Towns displayed a quarterly growth of 2.7 percent on affordability, hopes for speculative gains and development of mid-tier investment assets in areas with fewer zoning restrictions.
Ongata Rongai was the top town in price growth at 8.2 percent in the quarter, while Ngong led the pack in annual price
gains of 21.3 percent
Improved road infrastructure continues to be the driving force behind land price growth in the satellite towns.