Land prices fell in several Nairobi suburbs and satellite towns from April to June despite an overall recovery in the property market in the second quarter of 2026, according to the latest HassConsult Land Price Index.

🇰🇪 Breaking It Down

Among Nairobi suburbs, Muthangari recorded the steepest quarterly decline after land prices fell by 2.1 per cent to an average of Ksh378.4 million per acre.

Muthaiga followed with a 0.9 per cent drop, bringing the average price per acre to Ksh230.1 million, while Gigiri registered a 0.7 per cent decline to Ksh261.1 million per acre.

In Nairobi’s satellite towns, Ngong had the largest quarterly decline after land prices fell by 2.5 per cent to an average of Ksh34.8 million per acre.

📌 What You Need to Know

Limuru followed with a 0.8 per cent decrease to Ksh27.2 million per acre, while Kiambu recorded a 0.6 per cent decline to Ksh48.6 million per acre.

Land prices in Syokimau dropped by 0.3 per cent to Ksh39.4 million per acre, while Athi River and Kitengela recorded declines of 0.2 per cent and 0.1 per cent to Ksh20.7 million and Ksh18.8 million per acre respectively.

Overall, seven of the 14 satellite towns tracked in the index recorded negative growth during the quarter.

Despite the declines in some locations, average land prices across Nairobi suburbs and satellite towns increased by 1.4 per cent during the period, recovering from slower growth in the previous quarter.

The report attributed the broader improvement to increased demand prompted by the publication of the Nairobi City County Development Control Policy 2026, which addressed uncertainty around planning approvals.

In addition, the index noted that buyers and developers increasingly shifted focus to comparatively lower-priced locations suitable for detached and semi-detached housing projects.

📰 Source: Kenyans.co.ke