Land in Nairobi is very expensive, and you may find a piece of property of 50×100 (1/8-acre), or even smaller running into tens of millions of shillings. This is because Nairobi is regarded as one of the fastest-growing cities in Africa.
The growth, which stretches to the population increases the demand for property, and this demand increases the price of land around the city.
According to Hass Consultant Property Index for the fourth quarter of 2021, Kilimani is one of the suburbs in Nairobi that has seen its land rate drop to 0.9 percent for the third consecutive year, representing a 1.1 percent annual dip.
Donholm now rates as the lowest in growth of land prices among the Nairobi suburbs following the 2.7 drop in the last quarter of 2021.
Kamulu town, located 35-minute-drive from Nairobi CBD along, Kangundo Road, is considered one of the fastest-growing satellite towns within the Nairobi Metropolis. Here one can get affordable plots of 50×100 for as low as Ksh.1.1 million.
Kitengela town is another area that has attracted land buyers, thanks to the affordable pieces of land in the area. Kitengela is located in Kajiado on the South side of Nairobi Metropolis. Here, from as low as KSh500,000 you can get a piece of land for your home.
With Kiserian, Juja and Arthi River being home to ongoing and proposed infrastructure development,have attracted investors including housing develop, a move that has resulted to the ranking of the places as the leading in the land prices list.
Hass Consultant report indicates a price drop in Kiserian when it shot up to 19 percent over the past year to Ksh.1.9 million on an average scale.
Juja follows closely with 14.7 percent to Ksh.16.6 million and lastly Arthi River at 13.5 percent to Ksh.15.8 million.
Through the expansion of Thika Superhighway, both Juja and Ruiru have gained ease of access coupled with the proposed Rapid Bus Transit (RBT) system.
With the ongoing construction of the western bypass stretching to Kiambu County, it has also prompted a hike in land prices in regions like Limuru.
The setlight towns of Nairobi have shot up to a rate of 6.65 percent compared to the suburbs, indicating a 1.16 percent surge in land rates for the past year.
Spring Valley, Langata and Nyari have had the highest rise in land price among the Nairobi suburbs in the past year rating to approximately 10, 6.1, and 5.9 percent respectively.
