Hass Consult's quarterly report shows land prices fell in areas like Muthaiga, Kiambu and Ngong during the third quarter of 2025. Prices rose in other suburbs meanwhile. The firm's director attributes the drops to tightening finances reducing buyer flow.
Hass Consult's quarterly land price index report, published on October 28, 2025, reveals mixed movements in land prices across Nairobi's suburbs and satellite towns. Prices dropped in Muthaiga, Kiambu, Ngong, Ruaka, Ongata Rongai, Syokimau and Tigoni during the third quarter of 2025.
In Muthaiga and Ruaka, prices fell by 0.2 percent and 0.1 percent, with an acre retailing at Ksh234 million and Ksh111 million. Ngong and Kiambu saw drops of 1.9 percent. Ongata Rongai, Syokimau and Tigoni had acre prices of Ksh28 million, Ksh39 million and Ksh34 million, with Syokimau and Tigoni declining by 0.2 percent.
However, most areas recorded growth. Gigiri, Kileleshwa and Kilimani rose by 2.1 percent, 0.6 percent and 0.5 percent to Ksh257 million, Ksh329 million and Ksh422 million per acre. Lang'ata, Lavington, Loresho, Muthangari and Parklands increased by 2.2 percent, 0.7 percent, 0.7 percent and 0.4 percent. Upperhill, Westlands, Riverside and Spring Valley hiked by 1.6 percent, 1.1 percent, 1.7 percent and 3.6 percent to Ksh554 million, Ksh504 million, Ksh360 million and Ksh305 million.
Satellite towns like Juja, Kiserian, Limuru, Mlolongo and Thika also grew by 18 percent, 2.8 percent, 3 percent, 3.4 percent and 0.3 percent. Sakina Hassanali, Creative Director at Hass Consult, stated: “Many of these satellite areas, such as Kiserian, Kitengela, and Athi River, have been prime locations for middle-class buyers to develop their own family homes in stages and as incomes allowed.”
She added: “But tightening finances are reducing the flow of buyers able to get through the initial entry gate for self-building of a land purchase, despite the far lower and more advantageous prices in the satellite areas.” This suggests only areas with strong developer demand are seeing robust price growth.