Nairobi: A survey conducted in 18 suburbs of Nairobi City revealed a marginal decline in land price growth by 5.92 percent for the year 2025.
According to Kenya News Agency, the report by Hass Consult indicated that the capital recorded a surge in land prices by at least 1.32 percent during the fourth quarter of the 2025 financial year. This surge occurred despite maintaining long-term highs from 2024, marking a significant shift over the last decade.
HassConsult Co-CEO Sakina Hassanali stated in a press release that the results showed six years of annual growth at less than 3 percent. However, the land index results took a negative trajectory from the second quarter of 2024, escalating to 5 percent by the end of 2025. Meanwhile, the three-year surge in satellite town land prices, which peaked in Q3 of 2024 at 12.58 percent, slowed considerably, returning to decade-average levels of 6.21 percent by the end of 2025, with a quarterly growth of 1.59 percent.
Hassanali noted that the land price growth in 2024 and 2025 was the strongest Nairobi experienced in a decade, driven by high demand for development in high-end locations. This ongoing growth was concentrated in some of the city's wealthiest suburbs during Q4. Prices continued to rise in Karen, Kilimani, Kitisuru, Gigiri, Riverside, and Runda, with a 3 percent increase in Karen, the largest for the quarter, lifting its annual growth to 10.2 percent.
However, other 2025 hotspots like Spring Valley, Loresho, and Upper Hill saw a sharp slowdown, causing a general weakening in headline growth. In Spring Valley, Hassanali mentioned that while annual growth reached 10.4 percent due to significant rises earlier in the year, the fourth quarter saw a modest increase of just 0.5 percent.
According to the Co-CEO, Ridgeways was the only one of Nairobi's 18 monitored suburbs to experience a land price decline in 2025, at 0.1 percent. However, its prices rebounded in the final quarter with a 0.6 percent rise from September to December. Muthangari, Muthaiga, and Westlands reported price declines in the final quarter of 2025, all under 1 percent, with the largest decline in Muthangari at 0.8 percent.
In the satellite towns, the final quarter saw a levelling out of growth, with hotspots slowing and the worst performers gaining ground. Growth was more subdued in the fourth quarter in the year's most heated towns-Juja, Limuru, and Kiserian-all of which experienced over 12 percent growth for the year, but 3 percent or less in the final quarter. Of these, Hassanali said Juja remained the most buoyant, while Kiserian slowed the most at year-end, with prices rising just 1.3 percent from September to December.
Conversely, prices continued to accelerate in Ruiru, jumping 3.4 percent in the last three months of the year and achieving an annual growth of 10.7 percent. Growth also increased in Thika, Ruaka, Ongata Rongai, and Kiambu, with only Kiambu seeing a price fall for the year of 1.5 percent, which stabilized in the final quarter with a 0.3 percent rise.