Average land prices in Nairobi suburbs cross Sh200m per acre
Nairobi, Feb. 8 -- The value of land in Nairobi last year rose at the fastest rate in seven years on post-pandemic recovery and market correction.
Data released by Real Estate firm HassConsult suggests that an acre of land in Nairobi suburbs grew by 3.96 percent last year on average, making it the fastest growth since 2016 when they grew by 5.14 percent.
The rise, partly attributed to a recovery from the dip occasioned by the pandemic, however, continued to trail inflation for at least a decade.
"The average price per acre in the suburbs has now crossed the Sh200 million mark, helped by the fast rise of prices in areas such as Langata, Ridgeways, Loresho, and Muthangari which offer a mix of affordability, ease of access and mixed-use z...
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