Land, city home prices increase fastest in years

View of the skyline of Nairobi, Kenya with Uhuru Park in the foreground.

Business Daily | by Otiato Guguyu

Home prices in Nairobi and land costs in satellite towns around the capital have risen to new highs on the back of renewed demand from buyers who had slowed down acquisitions at the peak of Covid-19 economic hardships.

Data by realtor HassConsult show the price of an average house within the city rose 6.8 percent in the year to March compared to a drop of 1.8 percent in the same period a year earlier…

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