Nairobi, the capital city of Kenya is known in Africa as the home headquarters to the United Nations Environment Programme. It is also the largest economy for Eastern Africa. These among others make the city a commercial hub, attracting local and international investors. Who wouldn’t want to own a property in such a potential land? Of Course, everyone would want to own a piece of land that pertains to this city, making the prices of the land very expensive. So if you are thinking of buying land in Nairobi, especially in the high-end area, you better start thinking of millions.

 

In 2019, it is estimated the land prices have risen by 1.69% with Nairobi’s upper hill being the most expensive location in the city while Keserian in Kajiado county offered investors around the lowest prices. For an acre, the land prices in Keserian were going for Ksh.7.5million, the lowest price for an acre in Nairobi and its environs. However, this area is best suitable for residential properties.

 

This year, Nairobi’s Gigiri suburb has been positioned as the new home to the most expensive homes in the city as Kitengela became the least expensive neighborhood till March when the survey was conducted. The report also noted that the prices of properties fell for the first time for over 10 years.

 

One of the factors that have contributed to Gigiri being the most expensive location is the fact that it neighbors the United Nations complex.it also happens to host other embassies such as the US, Canada, Italy, Sweden, Poland, Belgium, and Norway.  On Average, homes around this area cost Ksh 119.3 million. Stand alone that go for 5.4million in other locations cost 11.2million on average in Gigiri.

 

Reports have it that the property prices are expected to drop as per the effects of the coronavirus pandemic. As this is bad news to sellers and developers, investors ought to seize the opportunity of purchasing investment properties at low prices.

 

In a report that stated the average house prices in various locations of the city, Nyari estate was mentioned as the second most expensive neighborhood with an average cost of Ksh 103.6million. The location was followed by Runda with an average cost of 92.1 million, Karen with an average cost of 88miliion and Kitisuru with an average cost of 84.3million. Other estates with costly properties are Muthaiga with an average cost of 80.2million, Lavington at 66.7 million, spring valley at 65.6million, and ridges at 63.3million. One thing in common with all these areas except for Kren and Lavington is their proximity to the offices of the United Nation. In the real estate language, we call it the UN diplomatic blue zone, in which properties are suitable for expatriates, due to higher security.

Strict zoning in the high-end areas of the city has played a big part in maintaining the value of the properties in those areas. This has been achieved by stopping encroachment by apartment blocks and unplanned developments. Research in the market showed that prices slightly went up by  0.9% in the second quarter of the year. This was a result of compassionate performance from detached and semi-detached markets which recorded a growth increment by 1.9% and 0.9% respectively. Apartment prices recorded a decline of 0.4%.

 

Easy access to international schools, shopping malls, and recreational facilities are some of the factors that have aided in the demand for properties in the high-end areas.

 

Concerning high sale prices, Gigiri and Nyari have a record of the highest rents around the city. On average, the rent for a house in Gigiri goes for Ksh 371,000 per month, Nyari at KSh335,700, and Ksh 321,100 in Runda and Kitisuru. At commercial property Kenya, we have the best of these locations at affordable prices, you might want to call 0784448888 for more information.

 

 

 

 

 

Nairobi, the capital city of Kenya is known in Africa as the home headquarters to the United Nations Environment Programme. It is also the largest economy for Eastern Africa. These among others make the city a commercial hub, attracting local and international investors. Who wouldn’t want to own a property in such a potential land? Of Course, everyone would want to own a piece of land that pertains to this city, making the prices of the land very expensive. So if you are thinking of buying land in Nairobi, especially in the high-end area, you better start thinking of millions.

 

In 2019, it is estimated the land prices have risen by 1.69% with Nairobi’s upper hill being the most expensive location in the city while Keserian in Kajiado county offered investors around the lowest prices. For an acre, the land prices in Keserian were going for Ksh.7.5million, the lowest price for an acre in Nairobi and its environs. However, this area is best suitable for residential properties.

 

This year, Nairobi’s Gigiri suburb has been positioned as the new home to the most expensive homes in the city as Kitengela became the least expensive neighborhood till March when the survey was conducted. The report also noted that the prices of properties fell for the first time for over 10 years.

 

One of the factors that have contributed to Gigiri being the most expensive location is the fact that it neighbors the United Nations complex.it also happens to host other embassies such as the US, Canada, Italy, Sweden, Poland, Belgium, and Norway.  On Average, homes around this area cost Ksh 119.3 million. Stand alone that go for 5.4million in other locations cost 11.2million on average in Gigiri.

 

Reports have it that the property prices are expected to drop as per the effects of the coronavirus pandemic. As this is bad news to sellers and developers, investors ought to seize the opportunity of purchasing investment properties at low prices.

 

In a report that stated the average house prices in various locations of the city, Nyari estate was mentioned as the second most expensive neighborhood with an average cost of Ksh 103.6million. The location was followed by Runda with an average cost of 92.1 million, Karen with an average cost of 88miliion and Kitisuru with an average cost of 84.3million. Other estates with costly properties are Muthaiga with an average cost of 80.2million, Lavington at 66.7 million, spring valley at 65.6million, and ridges at 63.3million. One thing in common with all these areas except for Kren and Lavington is their proximity to the offices of the United Nation. In the real estate language, we call it the UN diplomatic blue zone, in which properties are suitable for expatriates, due to higher security.

Strict zoning in the high-end areas of the city has played a big part in maintaining the value of the properties in those areas. This has been achieved by stopping encroachment by apartment blocks and unplanned developments. Research in the market showed that prices slightly went up by  0.9% in the second quarter of the year. This was a result of compassionate performance from detached and semi-detached markets which recorded a growth increment by 1.9% and 0.9% respectively. Apartment prices recorded a decline of 0.4%.

 

Easy access to international schools, shopping malls, and recreational facilities are some of the factors that have aided in the demand for properties in the high-end areas.

 

Concerning high sale prices, Gigiri and Nyari have a record of the highest rents around the city. On average, the rent for a house in Gigiri goes for Ksh 371,000 per month, Nyari at KSh335,700, and Ksh 321,100 in Runda and Kitisuru. At commercial property Kenya, we have the best of these locations at affordable prices, you might want to call 0784448888 for more information.