Where to buy ‘cheap’ land in Nairobi in 2019

Spread the love

Property consulting firm HassConsult has released Land Price Index report for the first quarter of this year, indicating that Nairobi has become the best place to have land as an investment option.

The report shows that a good number of areas in Nairobi that were selling land expensively have decided to lower their prices to attract more buyers.

Areas, where one can buy land cheaply within Nairobi according to Sakina Hassanali, Head of Development, Consulting and Research at Hass Consult, are Karen, Runda, Langata, Kitisuru, Loresho, Ridgeways, Donholm and Nyari.

Here are the rates at which land is sold per acre in Kshs in the listed areas.

Karen – 60.9 million
Donholm – 70.3 million
Langata – 63.3 million
Kitisuru – 87.6 million
Loresho – 90 million
Ridgeways – 76.8 million
Runda – 87 million
Nyari – 100.5 million.

Loresho, Ridgeways, Kitisuru, Gigiri and Langata are the areas where demand for land is high, with prices rising from 4.9 per cent to 9.95 per cent last year.

Karen is one of the areas where land is sold at a high rate because of the rate of advertisement which accounts for 31.5 per cent of the land advertised for sale in Nairobi.

Some of the areas in Nairobi where land is very expensive and how much they sell per acre. (Amount in Kshs.)

Upperhill – 552.9 million
Kilimani – 430 million
Parklands – 418 million
Westlands – 416 million
Kileleshwa – 305 million
Eastleigh – 298 million
Gigiri – 248 million
Lavington – 238 million

Share News With Tv47 Do you have a groundbreaking story you would like us to publish? Please reach us through news@tv47.co.ke or WhatsApp: +254 7111 74 230. Contact Tv47.co.ke Now
Show More

Related Articles

Back to top button

News Alert

Kenya records 123 new COVID-19 cases, 54 recoveries and 3 deaths today; total confirmed cases rise to 2,216, recoveries rise to 553 while death toll is 74

WhatsApp chat