Some Nairobi suburbs saw home price increases in the most recent month of the HassConsult Property Index.
The report published on February 1, 2023, found that house prices have risen in the majority of the capital’s suburbs over the previous twelve months.
A total of sixteen neighbourhoods were examined, and Nyari Estate was one of them. Also included were the neighbourhoods of Donholm, Gigiri, Karen, Kileleshwa, Kilimani, Kitisuru, Langata, Lavington, Loresho, Muthaiga, Ridgeways, Runda, Spring Valley, and Westlands.
According to Sakina Hassanali, head of Development Consulting and Research at HassConsult, “home pricing in these locations has benefited from house price rise due to strained supply induced by planning rules.”
When comparing the third quarter of 2022 to the current quarter, house prices in the Nyari Estate neighbourhood along Red Hill Drive rose by 2.3% according to the housing index.
According to the data, home prices in Nyari and Muthaiga increased by 11.2% and 6.2% in 2022, respectively.
The research states, “Both Nyari and Muthaiga benefit from low-density living.”
More specifically, home prices in the neighbourhood have climbed 1.74 times over the past decade, and the exclusive estate saw a spike of 11.2% between 2021 and 2022.
Luxury homebuyers can choose from a variety of dwellings on the estate’s grounds. You can choose from places with as few as three bedrooms and as many as seven.
Depending on the home’s amenities, the price might be anywhere from Ksh90 million to Ksh180 million, according to multiple real estate agents.
Some of the large homes are equipped with electric gates, closed-circuit television (CCTV) surveillance systems, and even their own wells.
Magnificent houses, several of which include swimming pools, dot the estate’s expansive, meticulously landscaped properties.
In addition to this, the homes are either luxurious mansions or bungalows with extensive lawn areas.
by: RealWorld