Kiambu Land Prices Soar Amidst Nairobi’s Satellite Towns

Kiambu Property Listings

NAIROBI, Kenya, Feb 5 – The land prices in Kiambu skyrocketed at the swiftest rate among Nairobi’s satellite towns, propelled by intense speculation that drove up costs.

According to the latest Realtor HassConsult Quarter Four Land Price Index, the value of an acre of land in Kiambu surged by an impressive 9.4 percent in the final quarter of 2023, reaching a staggering Sh47.3 million.

TownPercentage IncreaseLand Price Per Acre (in Ksh millions)
Kiambu9.4%47.3
Syokimau5.5%32.7
Ngong4.8%35
Ruiru4.0%
Mlolongo3.7%
% Growth in Kiambu County

While Syokimau followed with a 5.5 percent increase to Sh32.7 million, Ngong trailed closely with a 4.8 percent rise to Sh35 million.

Ruiru experienced a four percent hike while Mlolongo saw a 3.7 percent increase, among other towns.

HassConsult attributes the surge in land prices in residential towns to enhanced access infrastructure along Thika Road, Mombasa Road, and Ngong Road.

Plots For Sale Kiambu
Plots For Sale Kamakis,Kiambu

Sakina Hassanali, Head of Development Consulting and Research at HassConsult, commented, “Kiambu, which has recently witnessed overpricing fueled by high speculation, surged ahead with a quarterly price growth of 9.4 percent, indicating renewed interest from investors capitalizing on the previous months’ price stagnation.”

TownPercentage Increase
Ridgeways4.9%
Spring Valley4.4%
Langata4.4%
Juja4.6%
Athi River4.4%
% Growth in Other Towns

Hassanali noted, “Notably, the average price per acre in the suburbs has now exceeded the Ksh200 million mark, driven by rapid price hikes in areas like Langata, Ridgeways, Loresho, and Muthangari, which offer a blend of affordability, accessibility, and mixed-use zoning.”

In commuter towns, Ridgeways, Spring Valley, and Langata witnessed price increases of 4.9 percent, 4.4 percent, and 4.4 percent, respectively.

In outskirt towns, Juja led with a 4.6 percent increase, followed by Athi River with 4.4 percent, and Athi River with 3.8 percent.

Hassanali observed, “Despite the weakened currency raising input costs for developers, both ongoing and future projects remain attractive to foreign investors, bolstering asking prices due to increased demand from these investors.”

Gideon Mburugu

stay hungry stay foolish

Leave a Reply