Land prices in Nairobi's satellite towns rose at a higher pace of 2.4 percent compared to 1.9 percent in the previous quarter, as price growth in the suburbs remained unchanged at 1.7 percent.
HassConsult Land price indices for the first quarter of 2025 indicate that the resilience in land price growth across Nairobi's satellite towns was backed by higher demand in Kiserian, Juja and Thika, where prices remain within reach of a wider spectrum of developers and home builders.
This saw 13 of the 14 surveyed satellite towns report higher prices in the period, a slight improvement from the previous quarter when 12 out of 14 towns saw their price grow also. "Price affordability was a factor in the performance of the various satellite towns in land price movement in the quarter, showing rising sensitivity among buyers amid tougher economic conditions as towns with a more affordable price entry point outperformed nearby areas with costlier land," said Ms Sakina Hassanali, Co-CEO and Creative Director at HassConsult.
Kiserian, where an acre costs Sh12.6 million, saw a price growth of 5.0 percent, compared to nearby Ngong (Sh36.5 million per acre) and Ongata Rongai (Sh28.3 million) whose growth stood at 1.7 per cent and 0.7 percent respectively.
