Houses in Nairobi's uptown are among the areas that continue to command the highest prices despite house prices dropping by 1.1 per cent in the third quarter of 2024 compared to the previous quarter and falling 14.28 per cent year-on-year.
According to the latest Kenya Bankers Association (KBA) Housing Price Index, townhouses and maisonettes remain the most expensive, averaging Ksh38.63 million and Ksh26.08 million, respectively.
However, areas like Kileleshwa, Kilimani, Lavington, Westlands, Spring Valley, and Riverside recorded the highest prices, with townhouses averaging Ksh59 million.
The report found that the high-market segment accounted jumped from 33.7 per cent in the second quarter of 2024 to 37.2 per cent of all transactions in the third quarter of 2024.
